just thoughts on price action. Annotations on the chart
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From a weekly timeframe perspective, major rejection happened at 3M key area. Tagged 1900 with a false break. Waiting to see what gold does in this coming week but it seems like it is accumulating.
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We have been in such a long period of sells, a pullback is in order.
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Didn't really close strongly below the Quarterly/ 3M Key level. I expect gold to reach 2k in the next 2 mos.
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2K may just very well be the trendline retest -- to mitigate that fresh supply area in this Weekly tf.