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Just a map.
Upside pressure against 3 resistances (400w ema , trendline, Yearly Pivot ).
Difficult to position either way.
If Gold closes above 1240 in weekly, it could be out of the woods.
If Gold does not manage to break higher after this test, it may be in for a proper dive.. 1000 being the next target and 820 the "max" target.
Comments
WHAT IS RATHER CLEAR IS THE TIMING.
SOMETHING IS IMMINENT - I WOULD SAY 3 WEEKS MAX BEFORE IT MOVES EITHER WAY.
In the last few years it has tended to move earlier than gold.. good to monitor then.