Another strong bull day for Gold, with the price rising almost 500 pips from bottom to the top.
As I expected and suggested, dips were bought and the consolidation was broken to the upside.
Now the price is in a normal correction and my strategy remains unchanged: buy dips.
1915-1920 should provide strong support, and only a daily close under 1900 would change this bullish perspective.
On the upside 1950, 1975 are resistance zones, but, I wouldn't be surprised to see 2k very soon.
Best of luck!
Mihai Iacob
As I expected and suggested, dips were bought and the consolidation was broken to the upside.
Now the price is in a normal correction and my strategy remains unchanged: buy dips.
1915-1920 should provide strong support, and only a daily close under 1900 would change this bullish perspective.
On the upside 1950, 1975 are resistance zones, but, I wouldn't be surprised to see 2k very soon.
Best of luck!
Mihai Iacob
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.