The bad news: despite the recent dollar weakness, it failed to break out of the $1,800/$10 resistance area. The downward trend line in the daily chart must also still be considered intact.
A technical correction of the recent price recovery in the area around USD 1,730/50 must therefore be planned again in the coming trading days. There, however, the chances are not bad for the start of a second wave of buying towards USD 1,850 per troy ounce.
