The upward movement is breaking its resistance of 8.50s price level. Looking at historical data, it only means that we are looking at new records soon. I also foresee a retraction to current levels, just like it happened in 2018.
First goal is 9. Then a retraction to 8.60s levels. Then all the way up !
Sorry for the poor drawing by the way. I think the idea is...
The decline marked left is a prolonged version of what we have seen from mid 2020s up until the recent increase. If we take this as an indicator of what follows, Gold will break new grounds in the coming months to years after a short sideways movement in the short future.
Gold is bullish. It may go sideways for a short time; but it will eventually follow the path...
