Gold futures

Over the past four weeks, gold futures have pulled back and fallen below the $4000 level. Formally, the trend remains bullish; however, from a historical perspective, it has already lasted nearly 1000 days, which leaves little room for further growth. In the event of a downward correction, gold could target the support level in the $3200-3300 range.

Long-term trend: Up
Resistance level: 4400
Support level: 3200-3300