Gold technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold is in a strong uptrend and is currently in a healthy pullback, testing a key support zone. The price has been rallying hard but is now taking a breather, pulling back to a critical support floor around 4281.00, which is also where the 30-period moving average is providing support.



If the 4281 support holds, expect a bounce and for the uptrend to continue towards the recent high of 4378.00. If this support breaks, the correction will likely deepen, with the next major support zone to watch around 4200.00.
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