Gold
The curve fell below its July low, triggering a strong buying reaction that pushed the price up to around 4,062 on the very first day. The correction phase that has begun could even reach the resistance level at 4,218, which lies along the downtrend line. As long as the price remains below the thick red trend line, we can speak of a correction; however, if it moves above it, a trend-like rise could begin. For now, an ideal correction could target the 4,375 area.
Resistance levels: 4,218; 4,375; 4,531; 4,688; 4,843; 4,923; 5,000.
Support levels: 3,906; 3,750.
