After a significant drop of nearly 1,000 pips last Monday, gold has established strong support at 2,380 and began to recover mid-week, reaching the 2,430 resistance zone.
The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420.
At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours.
My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.
The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420.
At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours.
My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.
註釋
xauusd cleared 2430 zone resistance which has become support at this moment註釋
On 15min chart the short term support is very clear just above 2430
交易結束：目標達成
tradingview.com/chart/GfczDMMy/註釋
And, NO, Gold has not come to ATH zone for all of us to sell
I expect strong break of ATH after correction
I'm looking to buy on dips
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