perfect bullish pennant is formed on H1 TF. confirmed by MACD histogram approaching zero line from below.
its most likely that gold will continue its ascend and the targets are 2070.
current gold outlook seems a textbook case study of Dr. Alder's bearish divergence.
when price reaches a new high but MACD histogram reaches a lower high, and starts declining after a zero line crossover its a perfect divergence. as tops take more time to form compared to bottoms so we may expect price testing 2048 again before falling below 2000 mark.
Price has...
