Could be nothing... but....
It would appear to me that gold bounced off a long term ascending line of support and has returned to the steeper upward channel started in 2019.We encountered some resistance at the base of this channel last week, but had a strong move to break it and we appear to have back-tested and are bounced off it this morning. If indeed we are now trading back in this channel, we are due for a very nice remainder of 2021.
Daily chart:
and the hourly, green line is base of that steeper channel:
gold, page-95987
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