We can see that the gold has been correcting, but it hasn't even gotten back to the 18-week moving average of closes ($2002.9). As long as prices are over that, I keep a bullish bias. It's a filter.
The average American has no idea the risk they are being routinely subjected to by legions of financial advisers and finance managers operating to the old rules.
Traders will start taking positions for next week's over hyped Federal Reserve meeting. In my view the Federal Reserve will not be direct/clear on March interest rate cut.
Nothing on this chart yet is bullish. If anything it's keeping its bearishness: lower highs and lower lows. You're coming into the first support that you and I have been talking about night after night.
What can be said about the current situation is that $2010 is a buy zone, albeit for aggressive players. It can also be said that gold, silver, and the miners have often rallied from January to August during US election years.
