We have a triangle pattern and a descending channel
if the prices breaks below 1894 we may see a price correction to levels close to 1817
if the prices breaks above 1930 we may see a price uptrend to levels close to 2100
Fundamentally , in the medium and long term GOLD is BULLISH
Technical and fundamental analysis indicate that gold will witness an uptrend.
Technically, you can see we are in an uptrend channel since Mar 2020 . We hit the bottom of the channel recently few times on Sep and Oct 7th. Now I believe Gold will resume its medium term uptrend towards 2100 or higher and what confirms that is the MACD crossover intersection which...
