I am glad you decided to share this thought, it is a good reminder for sure.
There are many catalysts for gold prices to rise - significantly from here.
Technicals are essentially out the window when talking gold. Spot price of gold is influenced by the global economy. Right now things look to be swinging towards high prices because of no hike yet & also because of the world conflicts going on overseas. Two good reasons for the cost of a non-yielding asset to go up. IMO.
Here are a few random charts (some older ones) I've encountered through reading articles over the past hour or so which may be of interest. US vs China Economies Scandal-Plagued Deutsche Bank BAA
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