Gold is trying to force the first key level of $1,470, helped by the weakening of the US Dollar. If prices ended today’s trading session above $1,470, we would have a first positive signal, while the area $1,450 remains an important support level. While the precious metal is trying to recover the strength that boosted it in the first part of this year, the decline seen in the last few weeks can still be seen as a correction rather than an inversion, as long as prices hold above $1,450.
