Gold completes bearish move and re-orbits towards $2800

The gold contract appears on the two-week price chart to have completed its downward movement that it made in the two months of November - December 2024 and is preparing to resume the upward path that will lead it towards the level of highs between $2,750 and $2,800.

In order for us to be able to say in the coming days that the bullish scenario remains in force, the contract must not slip below the $2,600 limit. A fall now of the highs to $2,800 will open a communication channel with the psychological limit of $3,000.