July 17, 2023 - (Gold Market Wire) - Gold is pausing for breath, right where it should, on the horizontal line, as we await the next move.

The up - trend is getting established, but horizontal resistance is in the way. We also need to reclaim the 100-day moving average, and stay there. Yes, the "inside" death-cross is shaping up, so we will need to be on guard, especially against a US dollar that starts to fight back against its recent pummelling. A move higher gains urgency in this posture.

Still, as we zoom out to the weekly chart, we can see, that we are firmly in the trend.

It's already shaping up to be an interesting week.