International Gold Price Analysis: Key Points in the Technical Correction

The international gold price has experienced a significant correction that presents interesting technical characteristics. According to Jin10 data, the current movement shows reinforced support patterns at the lower levels, suggesting a solid foundation for market recovery. This behavior of the international gold price reflects strategic accumulation of positions that is stabilizing the market.

V-Shaped Recovery Structure

The gold price has exhibited a classic V-shaped retracement pattern, where lower levels are supported by a significant concentration of buy orders. This accumulation of positions at low zones provides a strong support floor for the international gold price. Technical data indicate that this base is quite solid, which could favor bullish movements in the short term.

Key Resistances: 50XX as Main Barrier

The most important level to watch is around 50XX, identified as the lower edge of the previous market high. This international gold price represents the first major resistance that must be surpassed to confirm a trend change. If the price manages to break this level, it would open the way toward new bullish zones. Below, support is well established at recent lows.

Intermediate Level at 48XX: Second Line of Defense

Additionally, the market should pay special attention to the 48XX level, which corresponds to the midpoint between previous highs. This price is technically relevant because it acts as secondary support and an accumulation zone for traders seeking to position themselves. The behavior of the international gold price at this level will be decisive in assessing the strength of the recovery.

Conclusion: Monitoring Transition Levels

The international gold price is at a critical point where lower supports remain valid. Analysts and traders should closely monitor movements toward 48XX and 50XX, which will define the market’s next direction.