Gold
Despite the sharp correction, the long-term trend may remain intact as long as the price stays above the thick green uptrend line. If the 4,218 level is broken to the downside, the lows established a few weeks ago could once again come into focus. The potential target zones for the correction of the downtrend that has been in place since the beginning of the year are around 4,688 and 4,843. The first of these levels has already been tested, and the coming days may determine whether there is enough momentum to form a new swing high and reach the 4,843 level.
Resistance levels: 4,688; 4,843; 4,923; 5,000.
Support levels: 4,218; 3,906; 3,750.
