Having another look at the weekly chart below, the next target for the bulls could be the green resistance line at $1962.1/oz as it has been used on three occasions and seems like a pretty sticky zone. Beyond that, the all-time high could be a longer-term target.
On the downside, first and foremost many times after a trendline break there is often a retest. Below that, the red support area at $1788.8/oz looks strong.
From a volume profile perspective, the main high volume node of this current distribution stands at $1952.6/oz on the upside. This is where most contracts have been traded in close vicinity of the current price. There is another prominent zone at $1835.7/oz that could attract the sellers so keep an eye on some support there.
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