Gold markets Technical analysis
The gold markets have gathered fairly significantly during the trade session in the early hours in the early hours, because we are well above the 3000 level. I thought we would have more fight for $ 3,000, but clearly, we will never have that. So looking at this, I think we have a situation in which traders will probably look at this through the prism of the measured movement of the bullish flag. In other words, I think we are going to $ 3,300. We will not get there at night, but I think that is your target now. Short -term pullbacks will remain attractive for value hunters. And the pullback and bounce method of trade will probably generally be preferred in general.
The 50-day EMA is completely at the level of $ 2,860 because it racet to the $ 2,900 level. I do think that the market is currently one that ultimately has to take the Federal Reserve into account, which has an interest decision, but more importantly, a press conference on Wednesday, so that people pay a lot of attention to where the Federal Reserve tends. We also have the Bank of Japan earlier on Wednesday, and then we have a few other interest decisions, Switzerland and, I believe, England, who will probably have a great influence here on Thursday.