Also the long term chart is definitely in an uptrend as seen in the monthly chart
And the weekly chart clearly shows higher lows
Notice the last low was formed just 3 weeks ago. Looking back at the last year we find that usually gold will rise for about 5-7 weeks and then falls for about 5-7 weeks. Hopefully this time if gold were to rise for 7 weeks it will likely breach the 1000 mark.
Cheers
Goodoh
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