I published an idea about a week ago discussing this channel we have been trading in since the ~$2100 peak we hit back in August 2020. This formation is clearly a bull flag, while they do break down from time to time this hasn't yet and if it recovers we are still all cylinders forward on breaking out to new all time highs. With the monetary situation globally (central banks are calling for more currency creation and inflation) gold is still a long in the long term. This is probably going to be a good time to load up on gold bullion while it's available under $2000, likely the governments will keep everything shutdown for another year at least and we will likely see some other crisis emerge before long as well.