I've been seeing many posts calling for an end to golds upward trajectory, or at least a much heavier pullback. Although a deeper correction is very possible, there is warrant to believe that golds consolidation is nearing an end. If you look closely, gold has re-entered the bullish triangle's apex region after a false breakout. Its currently sitting in an area where there is significant support (200 Ma, 2 parallel trendlines). The rsi has entered oversold territory leading me to believe that any breakdown here would be an overshoot and short lived. Also I would like to add that gold tends to have long consolidations during large bull runs, they tend to cause alot of doubt and dissmissivness in the trend trajectory. A solid breach of this region lends support at 1795, otherwise a break upwards from the apex. Best of luck!
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