With virtually a limitless amount of information floating around out there for investors to decipher, it is usually best to keep things as simple as possible. Removing price from the weekly chart and only leaving the 10-week simple moving average allows us a very clear picture of past trends and nascent trends which might be forming:

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Gold 5-Year Chart

Gold_10-week

A break above the October high at $1361.80 would be the first higher high on the weekly time frame since 2012 and help to confirm that we are in the midst of a fresh uptrend.