You can see by the blue trend-lines that gold likes to follow a narrow band, even more narrow when rising. So it is unlikely that it will move sideways between the two black trend-lines for very long... maybe for a little while but notice from the past this band is far too wide for gold's comfort.
The red compare is USDJPY - gold's nemesis. The two are in collision, locked in mortal combat... to the victorious, the spoils of riches and a path higher... to the vanquished, humility and a bears breakfast...
The red compare is USDJPY - gold's nemesis. The two are in collision, locked in mortal combat... to the victorious, the spoils of riches and a path higher... to the vanquished, humility and a bears breakfast...