Gold can resume its uptrend

٢٠ مايو ٢٠٢٢

In my yesterday's comment about Gold, I said that, in order to maintain its long-term bull trend, Gold needs to stay above 1800 and we have had a good rise from 1810 to 1850.
Now XauUsd is in a small consolidation under yesterday's high and this upward trajectory could continue today also.
At this moment I'm bullish and I will remain so as long as the price is above 1800.
As we can see from the posted weekly chart this reversal from the long-term trend line can lead to a rise in the 1900 zone and this will be my target for this rise.

Best Regards!
Mihai Iacob

P.S: Please share your opinion&chart in the comment section.