As I said yesterday, Gold reversed strongly after touching 1620 very important (now) support zone and the reversal was so strong that in a very short period, the price rose to 1680 resistance.
Since yesterday the price is consolidating and slightly correcting this up move.
My idea remains the same, continuing to the upside and I expect bulls to take control in the near future.
1660 and 1640 are zones of interest and in these zones, we should look for buying opportunities.
Only a daily close under 1620 would negate this bullish scenario
Since yesterday the price is consolidating and slightly correcting this up move.
My idea remains the same, continuing to the upside and I expect bulls to take control in the near future.
1660 and 1640 are zones of interest and in these zones, we should look for buying opportunities.
Only a daily close under 1620 would negate this bullish scenario
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1725-1730 is in focus now and dips should be bought