Gold uptrend is certainly worth a closer look

I'm thinking about entering a position on Gold on the next trading day. I think it'll be in a strong uptrend at least until the next Fed rates meeting on Feb. 20 and possibly beyond if there is a rate cut. The current inflation rate (around 3.1%) can also be a driving factor, as it still remains higher than the 2% goal set by the Federal Reserve. And based on the Central Banks interest in acquiring Gold at this time, the uptrend could continue for the remainder of 2024 and well into 2025.