Gold- a daily close above 1900 would expose 1960 zone

28 дек. 2020 г.

After a short-lived correction bulls managed to take control and brought the price of Gold above 1875 zone. Now the yellow metal is trading under very important 1900 zone resistance and a break and daily close above this resistance should accelerate gains and expose 1960.
Gold is very bullish as long as the price stays above 1860 and I will look to buy dips.
On the other hand, a dive under 1860 would delay this scenario and will put Gold in a range trading mood.