Chart - TA, page-3869

That DEG first chart zoomed out shows the price action in the middle of the large sideway range. It is probably about a 50% chance of the trend going up or down eventually testing the support or resistance.

On the minute-to-the-day price action, there is a gap from the bearish pin bar which the market is trying to fill. This is right on the edge stuff as we speak now.





Gold price monthly. The initial exponential rise from 2000 is spectacular, eventually, it would pullback, and reset for the next run. The current phase of the run right into the post-Covid high was also spectacular as the Feds went for the mother of all QE. Late 2022 had what we now know as a fakeout but it was a the time in danger of repeating the previous pullback and reset.

Depending on who one listens to, this is either the natural progression of debasement of USD with the type of multi-polar mechanics chiefly I suspect triggered by the Ukraine war, turbo charged by ME politics and I dare say with East Asia brewing up for the triple whammy. Then we have the Trump factor....

I am expecting gold to float all gold boats if this gold breakout is confirmed at least from the monthly closing candle. A lot can happen in 3 weeks!