The Trend Index ranging high above zero indicates buying pressure. Breakout above $1750 would signal another advance, targeting the 2011/12 highs at $1800 to $1900."
Colin Twiggs – in his journal dated 22nd June 2020
Couple this with the fact that:-
"Net foreign purchases of US Treasuries were negative in March (-$299 billion) and April (-$177 billion) according to Treasury data. The Dollar is likely to weaken if this trend continues."
Collin Twiggs – in his journal dated 22nd June 2020
Investment monies have to safely "park" somewhere, and earn yield. If it's not treasuries / nor equities / then its Gold. If there is a serious 2nd wave of Corona coming Autumn / winter, you will see Gold >$ 2000.- This very "threatening" premise looming on the horizon, makes hedgers hold on to Gold portfolio purchases "both Solid & derivative paper Gold".
Corrections are going to be very minor, and shallow to trade.
Take care & Stay safe