Gold markets Technical analysis
Gold markets have been a bit withdrawn in the early hours of Friday, but we immediately saw them turning around again in signs of life. Because of this I think you have a situation in which you have to view the volatility here, but it has to give enough time. I think the uptrend will continue. I mean, to be honest, this has long been a very bullish market, and I just don’t see that changing quickly. If we fall from here, the level of $ 3,000 is an area that you should pay attention to, because it is a large round psychologically significant figure and an area that had previously been resistance.
If we were to break down there, start looking at the bullish flag on the graph, because it shows you a potential support level two at the top. The 50 -day EMA is just below the level of $ 2,900 and rises. Everything that is the same, this is a market that I buy at Dips and the session on Friday can offer that. We are a bit extensive, but when you look at the bullish flag, the so-called measured movement, if you want, is for a switch to the $ 3,300 level based on the migration of the flag.