Gold – Day 4 of 2023
It is only day 4 of 2023 and we are already attacking my second target area near $1875. This one is likely to provide some meaningful resistance. When it does make it’s way thru,, $1900-$1925 will be the next area that needs to be penetrated. After some consolidation at that zone a run to $2000 will set up a move to a new ATH at $2100. It is unlikely these levels just fall like domino’s, but it is inevitable that new highs will be reached in this first quarter of 2023, given what the chart has been saying for these last 4-5 months. By the way, Gold has a “Golden Cross” likely on Monday (if it gets talked about all over the place could lead to a short correction) and either the same day or possibly Tuesday the dollar has a “Death Cross”.