XAU/USD Potential Double Top/H&S PatternTL;DR: We will most likely see Gold making another bullish run back towards the 2071.00 area. Once it reaches the previous resistance, it'll most likely fall back towards the support/ supply zone that's marked out (1923.78~1932.23).
We can see how the events around the world are playing out. We see a strong surge in Covid mainly in 3 countries. There is also mass printing of Fiat currencies around the globe mainly from the European and North American nations. There will be a potential surge in the price of gold just from the sheer amount of gold central banks have been buying back in the past decade combined with the last two factors. Basically there is fear within the market and within the daily lives of the sheeple(sheep-people). But I also predict there will be a small sell off of gold in the later part of the year once we reach a new high, but with enough momentum we can see a return to a nice supply zone for central banks to splurge a little bit more. Thanks for coming to my Ted Talk :)
