17 October 2023
Gold remains a highlight, maintaining a bullish stance and targeting the significant $2000 mark, even as the US dollar strengthens. Technical analysis points to a triple top pattern on gold’s larger timeframes. While traditionally a reversal sign, these patterns often fail, especially on larger timeframes, and can be mistaken for bullish continuation patterns like ascending triangles. If this is the case for gold, we might see it surge past the $2000 mark and aim for $2,300 or even higher.