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Gold: no rush to the upside

Gold: no rush to the upside

Information is not investment advice

In one of the recent articles, we tried to make a trajectory for the gold price based on the December chart. Well, we were wrong - that's how you reality-check your projections. Gold did not follow the upward channel similar to the one it was in December and got down to 1 845. 

That means, the tactical support of 1 825 should be the baseline level for bears to aim at, and 1 875 is the key resistance so far. In the mid-term, a sideways dynamic seems to be the most probable scenario. 

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