This could be XAUUSD 's golden year!

2011 marked a huge accomplishment for Gold peaking at 1920.
This peak was made possible fundamentally due to inflation brought on by the sub-prime 2008 crisis.

After peaking around 1920 back in 2011, Gold resumed to drop for a consistent 2 year period until 2013.
Between 2013-2019 Gold was trading within a triangle consolidation pattern that broke up June 2019.
Between 2019 to today Gold is trading in a technical weekly up-trend with higher lows.

On my previous bigger picture review of Gold when it was trading around 1800 back in 2020 - I've covered how Gold may continue to rally long-term with consistent new highs.
Gold resumed to rally after my idea was published and peaked at around 2080 just a couple month later, August 2020.
After peaking August 2020 - It resumed to trade down until November 2021, when for the first time we had a higher high on a weekly close.

Since November 2021 a consistent up-trend is ongoing, which started from a double bottom forming around the breakout which is also the weekly support stretching since 2018 connecting lows.

Most recently we have a weekly close above the previous high of 2011 (1920) and connecting highs stretching back a year to early 2021 , also at around 1920 - Together making up very bullish indications, which means a new all time high is targeted.

If this week closes above 1945, expect an extremely strong start to the week for Gold , with 1960, 1980 and 2010 as immediate possible targets.

Inflation , uncertainty , pandemic, war - All bullish factors supporting the bullish technicals reviewed on this weekly chart.

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