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Gold Q3 2022 Technical Forecast: Gold Correction Searches for a Low
Gold prices head into the start of Q3 trading just above the objective yearly open with XAU/USD still holding multi-year uptrend support. While the broader outlook remains constructive, the threat for a deeper correction in the medium-term rises after numerous failed attempts to break resistance. These are the levels we’re tracking into the open of Q3. chart The March rally failed just ahead of the record highs at 2075 with the subsequent pullback taking prices back into yearly open support at1829. IF prices are indeed heading higher, losses would need to be limited to the 2008/2015 slope parallel with broader ... (full story)