My gut feeling again as i see trend line and demand institutional sell offs and buys and hows thing are manipulated with upcoming war and pandemics turning into endemics I would say buy on 4 Hour chart compared to what i said on weekly and monthly.
Just an idea retracement and going lower may just be some shadow manipulation, gold is a global standard. Its Likely to go up and besides a gut feeling there is to much hung up on govts and gold for the metal to be let down. There will always be something manufactured to make it stay up and go higher. Also do not forget its something which is needed in simple...
My idea is gold has been messing around so much that what everyone wants is it to go up and retrace. I think it might just go down now and then go back up to stablise because of inflation and everything else. It cant make sense of it going up first and then coming back down and staying lingering down there.
This is not any kind of advice , i am using this as my own record and view on how things will go this coming week. I would be glad if any comments and my views are corrected or agreed with. Best of luck