FX:XAUUSD   Gold Spot / U.S. Dollar
We are at a critical support zone, the 200 EMA. We need to wait and see how it holds up, but one thing is for sure, if it breaks the 200 EMA to the downside we will go much lower and enter a bear marked down to 1500 ish. Gold usually has a consolidation phase of 6 months after big moves to the upside and its almost already been 6 months since the ATH. My gut feeling halts against the downside towards 1600 and 1500 but I have not sold my physical gold and silver because I hope for 2500 and even 3000 dollar gold by 2025. Hold for the long term! boys and girls and trans people :)
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