Gold is now hitting trendline resistance above dating back to March 2022.

Gold is now hitting a trendline resistance high at $1,680. This could provide a good short opportunity back to the swing lows of $1,630. A clear break above this resistance could see gold move up to $1,726, however, given the strength of the dollar, it's likely this will be difficult in the short term. Friday's candlestick was strong, but not strong enough to break above the tough resistance, therefore gold is currently experiencing a pullback and some consolidation right now.