Gold- From buying dips to selling rallies

24 באפר׳ 2023

Last week was a tough one for Gold bulls, with 3 failed attempts to stay above important 2k mile stone and, finaly, a close well under this figure.
Although the medium term up trend remains intact so far, on short term, we can assist to a deeper correction.
A level to watch for this correction is the next obious support zone between 1940 and 1945.
In conclusion, as long as 2k remains intact, I'm looking to sell rallies with the up mentioned target.