Gold- to reverse from strong support? (1850 is my target)

15 בפבר׳ 2021

After a good beginning of last week with the price reaching a high of 1855, Gold took a dive on Thursday and dropped to 1820 zone strong support (marked by a lot of previous lows and highs and also by 50%-61% zone fibo retracement)
On Friday we have a small Pin Bar in this support and this can be an indication that the fall has stopped.
In my opinion, the drop from 1855 is just a correction of 1785-1855 leg up and now the price is ready to resume its upward movement.
This being said I favor long positions and I will look to buy dips in 1820 support zone.
My short term target is 1850 and only a drop under last week's low would change my opinion

15 בפבר׳ 2021

עסקה פעילה

Opened long trade at 1818.00