We are now backtesting the weekly trendline and reached the weekly upper BB. In my opinion it's time to take profits and (possibly) collect shorts. They could go a bit higher to spike through the trendline first.
Getting above 1900 on a weekly close would be very bullish for gold and we could see all time highs in 2023. My guess is a pullback here at least for now.
Good luck!
Getting above 1900 on a weekly close would be very bullish for gold and we could see all time highs in 2023. My guess is a pullback here at least for now.
Good luck!
