Gold before immediate Correction?
Technical analysis of gold (XAUUSD) - viewed in the D1 chart
The gold price only benefited yesterday from the again high inflation data in the USA. In this context, the gold price has been showing its friendly side for some time, and yet the precious metal could be on the verge of a correction impulse. Should the current level of around USD 1,814 still present itself as a resistance, an imminent downward pressure appears conceivable. This could go down to the USD 1,780 area in the short term. A test of the $ 1,750 mark would also be possible below. There the cards should finally be shuffled again for the next movement impulse.
If, on the other hand, gold screws up with further performance above the level of 1,827 / 1,833 USD, additional price increases of up to USD 1,853 and above up to USD 1,881 can be factored in. The overall technical picture would have to be assessed as visibly more positive.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
The gold price only benefited yesterday from the again high inflation data in the USA. In this context, the gold price has been showing its friendly side for some time, and yet the precious metal could be on the verge of a correction impulse. Should the current level of around USD 1,814 still present itself as a resistance, an imminent downward pressure appears conceivable. This could go down to the USD 1,780 area in the short term. A test of the $ 1,750 mark would also be possible below. There the cards should finally be shuffled again for the next movement impulse.
If, on the other hand, gold screws up with further performance above the level of 1,827 / 1,833 USD, additional price increases of up to USD 1,853 and above up to USD 1,881 can be factored in. The overall technical picture would have to be assessed as visibly more positive.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.