Gold (GC futures) weekly update

This chart is the same as drawn way back, still standing with it.

I have two targets for gold in first quarter 2024, lower path (purple arrow) is 2100 area, and 2407 area (higher purple arrow), which is a Gartley extension dating back to September 2018 (last Fed hiking cycle).

Natural progression would be along the lower target, but a macro event (such as confrontational superpower war) would easily propel to higher trajectory target at 2407.