Gold target 1 about to hit and target 2 on the way to $2,004

Target 2 is already choosing upside to $2,004
Larger Cup and Handle has formed.
RSI >50 >70
Uptrend

Now there are a few reasons why the gold price is heading up in January 2023

US Dollar Weakness
First we are starting to see a but of U.S. dollar weakness. As the US Dollar weakens, more investors move money into higher-yielding assets, which can lead to a rise in the price of gold. We call these safe havens.

The DIXIE is still showing downside based on the last analysis I did with a Head and Shoulders pattern.

January Effect
January is common to see investors have some form of increased demand for gold. It's based on them offsetting their taxes end of the year and now they want to deposit their money in safer places like gold.

Chinese New Year xīn nián kuài lè
We also have Chinese New Year coming where it's a tradition giving gold during the holidays. This can also boost demand and the price up.