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.

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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