2023 could see gold be a top-performing asset as recession fears seem high.

Gold started 2022 at $1,829, fast forward to 2023 gold opened the new year at $1,827 - Practically unchanged despite the S&P500 being down 20%. Given the 2023 outlooks and recession fears, gold and its peers, like silver, could see a strong year ahead as investors move money to more safe haven assets. Gold's bullish outlook for 2023 would only change if the metal broke the Oct/Nov lows of $1,615. Towards the upside, all-time highs could easily be targeted. MACD has been trending down since Jan 2021, but only recently does this trend look to change to a bullish outlook as the gap is now on a 9pts difference from being positive to negative. $2,000 seems a very fair target in Q1 2023, followed by highs in Q2 2023. A slowdown into the second half of the year could then be seen as inflation starts to slow down, but gold could end the year above $2,000

Good tickers of gold tracking ETFs include the ishares gold trust and the SPDR gold share.