RLinda ! GOLD-> Rollback before achieving medium-term targets

6 thg 3, 2023

Gold is technically and fundamentally set to conquer new peaks. The medium-term sentiment shows a favorable wind for this. What's next?

Gold updated local highs to 1858, but the price is likely to form a technical pullback to 1845. Right now the price is held back by the 1851.47 level and if the price dips below that level, there is potential for a pullback to 1845. But in the medium term there is a chance that the price will bounce from MA-50 around 1945 towards 1863 and then 1872.

I expect gold to rise to 1863,1872 and to 1900 in the medium term, but before that the price can form a corrective movement to 1845

Regards R. Linda!