What I am seeing in the chart, is price consolidating into a wedge pattern with the 50 dma providing support. Momentum indicators have completely flatlined right at their respective midpoints so at the moment they aren't providing any useful hints about future price movement. It's hard to say which way gold will break out of the wedge. On one hand, the prolonged bear market suggests that the path of least resistance is further price declines. On the other hand, the 50 dma is providing support (vs. resistance), so maybe gold is ready to make a move higher? Sorry to be so wishy washy, but you just can't make a strong argument either way based on the charts.
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