After breaking north of the $2,000 mark back in August the yellow metal has been moving correctively back down ever since and is now approaching an area of strong confluence in the form of: -ascending trendline going back to 2019 -61.8 retrace -historical horizontal support / resistance -flag support
With the fundamental backdrop of no end to money-printing in sight, both domestically in the US and abroad it seems we have conditions ripe for the precious metal to re-engage in the next wave to the upside.