Overall the Bias of Gold is Long. According to Commitments of Traders (COT) Reports the institutions are adding long positions.
If you see correlation of US 2Y AND 10Y BOND against Gold, You can see Gold is Long Plus
Everyone knows that Gold is a Safe Heaven, And there is War going between Russia & Ukraine + Israel & Palestine,
So it can correct itself up to 2047 which is it's Strong Support Zone + 2047 is also a 0.382 Fib Retracement Level.
If you see correlation of US 2Y AND 10Y BOND against Gold, You can see Gold is Long Plus
Everyone knows that Gold is a Safe Heaven, And there is War going between Russia & Ukraine + Israel & Palestine,
So it can correct itself up to 2047 which is it's Strong Support Zone + 2047 is also a 0.382 Fib Retracement Level.