Gold setting up for more upside

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Gold setting up for more upsideGOLD (US$/OZ)TVC:GOLDBlueberryGold has been consolidating over the past few weeks. We think the current trading pattern is a consolidation which sets it up for future upside. It won't be immediate though, there could be more consolidation at current levels with the 200-day moving average providing good downside support for the time being. It doesn't look like any of the bullish factors have gone away. There could be more volatility in markets as geopolitical unrest continues, that could see liquidations and sell-offs. But again, the downside seems to be finding buying support. Patience is key. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.