Gold is trading at new historical highs. Current resistance is at $2530 and support is at $2500. Breaking the support gives the correction the green light to go down.
In the event of breaching the resistance, the new peak will be at $2,565, supported by the weak movement of money on international bonds, as they are currently the only competitor to gold. There is no doubt that the expected financial shift from central banks will have an important role in gold’s path in the medium term in 2024.