The way gold is advancing, as defined with it’s stretches/contractions above the 1 year moving average… we are not in a “burn out phase”… More a slow grind with healthy consolidations along the way.

Applying math to this view shows me have another 1 year advance yielding a 16% to 67% move! Target range 2070$ to 2980$.

Slow and low… that is the tempo!

Also note gold is 11% above it’s 1 year moving average… pretty much in no man’s land. Probably explaining the polarizing arguments out there for a continuation or pullback from here.