Gold<\/a> markets have rallied a bit during the early hours on Monday to touch the $3,000 level again, but again, the $3,000 level has offered a little bit of resistance. All things being equal, I do think we go above there, but it might take a little bit of work. There\u2019s a lot of psychology attached to the $3,000 level. Short-term pullbacks at this point should end up being buying opportunities all the way down to at least the $2,900 level. So that\u2019s how I approach this market, buying on dips.<\/p>\nOn the other hand, if we get that daily close above $3,000, then I think we can start to think about approaching the target that the measured move suggests from the bullish flag, that would be $3,300. With the geopolitical uncertainty, the tariff wars and what\u2019s going on with the US dollar, it\u2019s not a real stretch to think that gold could rally another 10%, but it doesn\u2019t mean that we get there next week. It might be several months, but that is what the technical analysis suggests.<\/p>\n<\/div>\n
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[ad_1] Gold Technical Analysis Gold markets have rallied a bit during the early hours on Monday to touch the $3,000 level again, but again, the $3,000 level has offered a little bit of resistance. All things being equal, I do think we go above there, but it might take a little bit of work. There\u2019s a lot of psychology attached to the $3,000 level. Short-term pullbacks at this point should end up being buying opportunities all the way down to at least the $2,900 level. So that\u2019s how I approach this market, buying on dips. On the other hand, if we get that daily close above $3,000, then I think we can start to think about approaching the target that the measured move suggests from the bullish flag, that would be $3,300. With the geopolitical uncertainty, the tariff wars and what\u2019s going on with the US dollar, it\u2019s not a real stretch to think that gold could rally another 10%, but it doesn\u2019t mean that we get there next week. It might be several months, but that is what the technical analysis suggests. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":39063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-39062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t