xauusd gold analysis second week of december 2022

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello fellow traders and gamblers,

The areas highlighted with the rectangle box are gaps which have to be filled in the upcoming months.

Upon doing research and countless hours of studying, 2023 will mark the year of recession and gold rallying to new all time highs. This is evidenced by the 2007 crash which saw gold rally to new highs by 2013. We are following the same trend which started from late 2019 prior to covid outbreak. We are getting into the 4th year and gold has yet to set a surprisingly new all time high way above 2070.

I cannot tell you which way the market will go but you can see in the chart is liquidity points which institutions and banks have bought and sold from.

Good luck!

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