After the last weeks post, Gold made a nice pump of +4%!

Now there are a few new scenarios:

1. Price breaks the current new Resistance zone and flips it into Support.
2. Price rejects the current new Resistance zone and test lower, probably the Support zone below.
3. The Support zone below needs to hold price up, when it does there will likely be a new test of the all time high.
4. The Support zone breaks and gets flipped into support, when this happens a new all time high probably won't happen in 2024 anymore.

Let's see how price develops up coming week!