gold, page-127795

Looking at a weekly on the game and the consolidation after the blast higher continues with a very shallow pullback. The blast higher is no doubt due to the major capping operation creating the consolidation to prevent the breakout. So too the minor pullback. Underwater beachball effect.
First number to retake here is $2348.73 then main resistance at $2420.08 which will keep us in the consolidation band but minor resistance at $2491.43 takes us through with target being $2562.77



A monthly on the game with the smash beginning in October 2012 and then the forced consolidation before the break higher in August 2018
Currently we have an inside month with a fractionally lower close.



Looking at a quarterly and there is very little doubt that we are in the third leg of a new 8 wave cycle and this move could easily emulate the area encased in blue with the consolidation running from the July quarter of 2020 to the October quarter of 2023
Target here is $2530. Main support/resistance is at $2072.46 Minor support/resistance is $2307.22 so this is the number to remain above.