After a nice rally to test resistance at 1,799, gold should see a temporary setback to 1,701 before the next attempt to test and likely break above resistance at 1,799, this time for a continuation higher towards 1,912. Ultimately, the price will make a firm test of the all-time high at 2,075. This resistance is likely to reject the first attempt to break above it. However, after a corrective setback, the next attempt should prove successful for a continuation towards 2,400 and ultimately towards the long-term target at 2,700.
Relevance up to 06:00 2022-12-08 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
