With a pattern of higher lows and higher highs, it's bullish. I wouldn't mind if the market pulled back into the 100-day average and the 18-day average, between $2667 and $2655.
China’s central bank expanded its gold reserves for a second straight month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.
At $2717 Gold is priced at 71% of its $3818 Dollar debasement valuation, even as rightly adjusted for the increase in the supply of the yellow metal itself.
Gold prices notched a series of highs in 2024 and the run could extend into 2025, in part because investors are so pessimistic on geopolitics and government debt.
