We'll see.
If we do see a blow-off in price at some point soon, perhaps 3000 will hold as support, since that was a technical upside target within the confluence zone of two major long-term Fibonacci levels, as per my post of December 6, 2022.
GOLD finally hit 3000 on March 11 of this year, for a gain of 68% -- and has nearly reached 3500 -- as shown on the following monthly chart.
P.S. Price briefly pierced through 3500 on April 22 before dropping back below during intraday trading.
* UPDATE October 24...
So, 3000 held...and GOLD has been on an upward tear ever since.
As noted on the following monthly chart, it nearly hit 4400, where there has been some profit taking.
Barring any major negative global influences, there is no overhead technical resistance to stop its climb towards 5000.
