Gold now seems to have good resistance levels around $1990usd....

Gold now seems to have good resistance levels around $1990usd. Every time it gets sold down, it always ends up balancing around these levels. In the past few months, these resistance levels were around $1700usd. This says to me we can start to gradually form higher base prices in the months ahead. I would not be surprised to form support levels around $2500usd at some stage in 2022, with the way our world is heading.

One thing is certain, nobody is going to flick a switch and everything is rosy again. There will be more inflation problems, more geopolitical/supply chain/trade issues/sanctions, and potentially further conflicts whether it's Taiwan or more countries in Eastern Europe.

At these support levels and higher gold prices, RSG and their debt will be soon gone and sentiment will quickly change. We are seeing the market begin to understand this and a reversal is just beginning!