as we can see on the weekly timeframe, gold broke all time highs and fell right back below the previous highs marked with a horizontal ray.
If gold starts moving back into 2060 region and above that ray, that could be an indicator that sellers arent strong enough to keep the price below and we may see another bullish run.
however if the price remains below and sellers can withhold the buyers, a push back towards the 2000 region can be easily achievable
If gold starts moving back into 2060 region and above that ray, that could be an indicator that sellers arent strong enough to keep the price below and we may see another bullish run.
however if the price remains below and sellers can withhold the buyers, a push back towards the 2000 region can be easily achievable