“I have been bullish on gold for the past year, and I remain positive on its outlook,” Michael said.

“Central banks continue to buy gold, and investors are starting to move into gold due to concerns over global debt. Falling interest rates and an easing back in the US dollar will also provide a tailwind.

“The gold price continues to trend very well, although it might be due a slight pullback in the next few days.

“NST has been trending well since mid-2022.

“It peaked in late October before consolidating back (diagonal blue lines).

“This enabled the sellers to exit and for new buyers to emerge.

“This consolidation now appears to be over with NST breaking out to the upside (circled). “This means that the sellers have thinned out and the buyers are able to push the price higher. “NST should continue to trend higher from here for at least the next few months before the next consolidation period,” Michael said.

Northern Star (NST)

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