Looking at the current gold price chart, I see that the price is in a stable upward channel, with support near the 34-day EMA and the lower trend line. Gold is currently correcting near the lower boundary of the channel around $2,670, and this could be a key point to watch to see if the price bounces.
If the price holds and recovers from this area, I think the next target would be the $2,800 area at the upper boundary of the channel.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.