Gold still has a lot of targets, but with conditions
Gold rose as we expected from the low of 1760 to trade around 1812 currently, as gold is trading above the 25-day moving average on the four-hour chart, the RSI confirms the positive trend for gold, so we expect further upward movement with targets at 1834 as a first target, 1875 as a second target, while our long-term targets Around the 1930’s
But there are conditions that must be met for gold to reach its targets, technically gold should continue trading above the 25-day moving average, while gold may need more US assistance packages to confirm the possibility of rising to the levels of $ 2000.
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