Gold is in progress of forming a Head N Shoulder. A retrace to 2000 - 2010 provides an opportunity to buy in near term. Trade with care. Short term correction and long term bull by March. My view.
Gold is generally use to hedge against inflation as well as market volatility. Gold remains strong with monthly candle at $2k as dynamic support. Watch for march gold rebound at 1960 to 2000. Bullish.
Gold is consolidating above monthly support of $2k. A retest of $2k would pave the way towards $2.5k to $2.6k by end 2025. Watch this space.
Gold is accumulating above 2000. Currently a squeeze is occuring which may provide more bullish then bearish. My opinion is more of bullish.
Bulls are starting to be in control above $80. Currently it is strongly defendec by sma250 which is a very strong threshold to break to be bearish. SL is just below the sma250 at $80. My view is it will pump starting this wéek after the Magnificent 6 have completed reporting by this week.