Mihai_Iacob

Gold- 1950 zone is the key for future movement

Largo
OANDA:XAUUSD   Oro al contado/Dólar estadounidense
In my Monday's commentary, I wrote that Gold is strongly bullish and dips in the 1950-1960 zone should be bought.
Indeed, yesterday, the price corrected in that zone and reversed strongly after touching 1955, also leaving a nice Pin Bar on our daily chart.
Thus, the bullish moment is intact as long as yesterday's low is not breached and we can have a genuine break above 1985 and continue towards ATH.
However, if the bulls are incapable of holding the price above yesterday's low, a deeper correction could follow and Gold could drop to 1900 zone.
In conclusion, buying dips remains the preferred strategy.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.