GOLD preparing to take out the ATH

Gold has been depressed in 2020, for several reasons. However with inflation creeping up, it will be difficult to hold it below its ATH, that is just 8% away.

Back in 2019, I expected Gold to retrace a lot deeper the last major impulse FIB for the monthly view, it turned out that Gold did better, and stayed around the 38% retracement, a sort of bullish thing I would say.

I expect Gold to slowly trend here and perhaps take out the ATH some time between Q421 and Q322.