Graphically, it is clear that the ounce of gold is moving in an upward trend and continues to climb towards the next technical thresholds. Since the beginning of the year, the asset has achieved a performance of around + 15%, so the market should continue its momentum in the coming weeks.
Another element that argues in favor of a further rise, we can see that the prices form a "saucer". This U-shaped trough chartist figure spans several years (2012-2020) with a neckline of around $ 1,800. For the time being, prices are working the resistance of $ 1,750, however, assuming the buying flow does not run out of steam, then the gold price could accelerate and reach the historic highs at $ 1,921.


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