General trend: Gold is trading in a bullish general trend over the medium term, accidental in the short term, between the levels of 1545 to 1594, in a noticeable indication that no one of the purchasing or selling power controls the precious metal trades. And, after we saw the gold bounce from the support areas at 1545 during the trading last week, the gold became in a way to test the resistance of the 1594 dollars, which through its penetration we will witness more highs up to 1650 dollars, which is the most likely possibility at the present time.

As for the alternative scenario: In the event that the support level represented in the request areas is broken at 1545, we will witness a negative change in the general trend, with more decreases down to psychological support levels of $ 1500, and that scenario remains the lowest Likely at the moment.

General trend: bullish

Expected traffic range: 1575 to 1650