Gold- eyes on 1900

16 дек. 2020 г.

I've argued in my last 3 or 4 analysis and comments that what we have on Gold chart is not an H&S, but just a correction of 1765-1875 strong bull leg.
Now, with the price of Gold above 1850. it became clear to everyone (at least I hope) that this was indeed the fact.
From the technical point of view, as I said, XauUsd had an important break above 1850 very important zone and the road is clear for 1875 retest. Also, as I said before, I wouldn't be surprised if the yellow metal will challenge 1900 by year's end.
That being said, dips should be bought and bulls can look for opportunities slightly under 1850 for their entries