FX.co ★ Technical analysis of gold

Gold:

The chart shows the movement of gold on the daily (D1) chart.

This analysis attempts to evaluate the movement of #GOLD in the medium term.

Assuming that the key support level is still $1612.0-1605.0, the price will rise to $1800.0 in the medium term, as shown in the chart. Additional analysis will be needed if the indicated resistance area is broken.

Good luck!