Gold: Long-Term Upward Momentum

Jul 16, 2023

Gold is moving within a long-term upward trend. It has retraced back to the Fibonacci 0.618 level and reacted to it, breaking the corrective trendline. I anticipate that after a pullback, it will once again target higher levels.

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Jul 18, 2023

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After a mild correction, gold broke through the resistance and targeted higher levels. After another brief correction, we await further continuation.