Gold outlook

1 сент. 2020 г.

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