#GOLD $XAUUSD primed to shoot up

GOLD and SILVER have been in a downtrend after a surge in Mar of this year which was a reaction to the Ukraine invasion. A lot of "GOLD is a safe haven " traders may have entered in post the invasion and have been stuck for over 6 months as the metal moved down over 21%. Of course the continuous downmove since then may have forced a lot of exits.

We can now see that GOLD is trying to break upwards of the downward sloping trendline. A divergence on the MACD can also be noted.

If GOLD can sustain above the trendline , then we look to catch a sharp upmove reversing the pent-up buying pressure.

Keep stops below recent lows and stay long above the 1650 levels. SILVER should shadow the upmove if this resolves upwards