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Gold 1. price target reached!

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
In our analysis of February 18, we discussed the very high probability of a reaction on the long side.
The price target of a minimum correction (probability of occurrence approx. 67%) has already been reached!

Provided that the support level that has existed since the end of November is not sustainably undercut, a further price increase in the direction of USD 1,808 / 1,817 can be expected. In this area, profit-taking and a temporary decline are to be expected. Provided this has stabilized, a further rise to around USD 1,825 is possible.

Notice:
Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor and investment advice from a professional investment advisor who takes into account the individual economic circumstances and the level of experience of the customer.
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