Gold price inflection point.......It would appear as if gold's price is nearing an inflection point on the charts, potential break out of bullish chanell it's been trading in over the last 8 months (corrective move) & if so would also regain the 200 day EMA. Close above ~$1800 would be instructive IMO.
I'm expecting some resistance/stall in around this area, normally doesn't just breakthrough with ease BUT you never know considering inflation is starting to rear its ugly head.
Regardless, I;m expecting a breakout soon & will be quite constructive for the entire ecosystem when it does, I imagine the gold price will try to regain $2k once this breakout has been confirmed IMO.
Strong inflation would be quite the catalyst to propel gold well past $2k.
Best of luck!!