The weekly chart her shows gold's fast uptrend channel set the parameters for its latest major correction (broader market crash).
The thick green line is the baseline for gold's multi-year bull market and more recent sideways market.
The horizontal green lines are multi-year support/resistance zones and we can see that the all-time high and various other peaks are in sight.
On the daily chart gold has bounced strongly off the channel bottom within the bottom support zone in preparation for a likely run at the high 1700s zone.
The thick green line is the baseline for gold's multi-year bull market and more recent sideways market.
The horizontal green lines are multi-year support/resistance zones and we can see that the all-time high and various other peaks are in sight.
On the daily chart gold has bounced strongly off the channel bottom within the bottom support zone in preparation for a likely run at the high 1700s zone.