Yesterday, Gold corrected and touched the buy zone that I've discussed of my previous analysis. From this point, the price recovered and spent the rest of the day in a tight consolidation, more or less between 1965 and 1970.
I expect an up break of this consolidation (a spike down is not out of the question though) and a continuation of the bull momentum above 1980 resistance, towards 2k important zone.
Buy dips can be a good strategy for Gold
A daily close under 1950 puts Gold in a range mode
I expect an up break of this consolidation (a spike down is not out of the question though) and a continuation of the bull momentum above 1980 resistance, towards 2k important zone.
Buy dips can be a good strategy for Gold
A daily close under 1950 puts Gold in a range mode
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