The technical picture of the mine values ​​is significantly worse compared to the price of gold itself, so you should keep your hands off the gold mines for the time being.

The first speculative medium-term long positions in gold suggest a possible setback towards USD 1,730/50. After the impulsive recovery of the past three weeks, there is further upside potential towards USD 1,850 in the medium term. The yellow metal should no longer slide below 1,680, otherwise one would have to question the preferred medium-term long scenario.