XAUUSD Hitting 44 year Resistance

Gold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline.

Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information.

I prefer people read this chart as a good way to set their expectations in case Gold stalls for a while to prevent them from panicking out of this position.

Longer term I remain bullish on gold. Especially with Trump the 6-time bankrupt "businessman" being the 47th