Gold – breakout ahead?

The gold price has been in a range between USD 1,460 and USD 1,490 for weeks. In the short term, the 1,482.50 area acts as resistance. Will it be cracked today?

A look at the hourly chart shows the current situation: If buyers manage to raise the prices for the precious metal above the 1,482.50, a new attempt at the 1,489 / 1,490 zone would be expected. There was a clear rebound there in early December and last Thursday. This time, too, it should not be easy to overcome. In order for the test of the upper range to work, the price must not fall below 1,477 today, otherwise there is a risk of a pullback to the 1,473 or 1,470 zone, which in turn contains important support zones. Under 1,467, the central support area is expected to meet again at $ 1,460 and $ 1,459, respectively. This would again be an interesting purchase opportunity for buyers.