GOLD TA 15-19 MAY 2023

It seems probable that gold will continue to rise in value due to uncertainties in the US market, with the PA (price action) remaining strong and still positioned above the Ichimoku Cloud. If the price were to fall to the 1975 level, it would still be a favorable time to buy, while short selling would be a good option if the price reaches the 2050 level. It appears that the uptrend for gold may persist for the foreseeable future without any significant breaks.