Pop Quiz. Gold is near resistance. What is gold going to do next?

Option 1: The world is falling apart. This oil thing is a nightmare. Break above $1700 and keep zooming up.

Option 2: The world needs more confirmation that Covid is a disaster. Plus we need the Fed to confirm helicopter money first before gold breaks out more. Expect Gold to drop below $1700 and make an ascending triangle until the next Fed meeting.

Option 3: Everyone is over reacting. It’s just the flu! The Saudis are just a storm in a teacup. Gold is going to fall below support at $1600 and retest the dotted line / support at $1540 many times.

What say you?