Relevance up to 08:00 2022-08-27 UTC+2
Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Gold:
The chart shows the movement of gold in the four-hour (H4) chart.
Comparing the recent price movement to that of July 13, July 28 and August 8's, it is clear that the correction is over and gold is ready to rise again. Quotes could increase to $1775 in the coming days, provided that the resistance area of $1756-1763 is broken.
Source: Forex Analysis & Reviews: Technical analysis of gold
