Gold technical analysis
Gold Markets Have Rallied A Bit Turning the Early Hours On Monday to Touch the $ 3000 Level Again, But Again, the $ 3000 Level Has Offered a Little Bit of Resistance. All things that are the same, I think we’ll go above that, but it can take a little work. There is a lot of psychology associated with the level of $ 3,000. In the short term withdrawal at the moment, opportunities should ultimately buy to at least the level of $ 2,900. So that’s how I approach this market, buy on dips.
On the other hand, if we get that daily close to $ 3,000, then I think we can think about approaching the target that the measured by the bullish flag suggests, that would be $ 3,300. With the geopolitical uncertainty, the tariff wars and what is going on with the US dollar, it is not a real piece to think that gold could collect another 10%, but it does not mean that we will be there next week. It can take a few months, but that is what the technical analysis suggests.