Gold has seen some wild chop recently, but I think these are solid price targets for both the bearish and the bullish case. I have a bullish bias considering the fundamentals with what is going on with the dollar, a likely pause/continued decrease in fed funds rates, and global de-dollarization.
Technically, this wedge has been well respected, and is statistically valid considering the number of supply and demand points that it has put in. I'd like to see a return to the range of 1913-1930 or so for a partial decline within the structure for the most equitable long position.
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