Look If Gold Close nearly Opening or Positive then our BIAS is clear for the next 2-3 Weeks which is Bullish. But the condition is important. We are going to see gold at 4900-5000 level no more plans for above them. It takes a long time then for sure on lower Timeframes there will be traps and liquidity hunting so be safe from them and be with directionToday is important that's the condition. For more confirmation you can wait for Monday.
There is absolutely no reason for GOLD to go to 4900 or 5000 again this year. You are basically stating or saying, that institutions and banks, who took profit off (5600, 5400, 4800.. so on and forth WILL willingly pay over-priced prices on GOLD for them to rise it up (?!). There is just no logical reason what so ever to go to 4900 or 5000. We are clearly in a re-distribution phase. I can only see 4900-5000 in 2027-28 depends how long it will accumulate and where it will build the base.
Keep in mind: Inflation data is super bad, OIL is rising with Dollar.
GOLD pre-bull run started 2018. Full blast off in 2022.
The chart is fine. You are the variable.
