charbelg

charbelg

Gold converging since 2020, so awaiting a major breakout within first half of 2021.

charbelg

The yellow line is a good support that could end gold bearish move that started with FOMC. Since it is not a straight line it is difficult to give an exact target but approximately the target is in the 1720's or 1730's.

charbelg

Possible scenario for the high of XAU/USD during 2021.

charbelg

Major catalyst is needed to break this channel.