Gold to reconqer 2k

2023年4月11日

In my yesterday's analysis I've written that the recent dive under 2k, in my opinion, is only a correction and grab of liquidity and I expect resumption to the upside.
Indeed, after a dip to technical level of support around 1980, the price reversed and Gold is trading now shy under 2k(1998 at the time of writing).
My bullish bias is intact and my buy dips idea remains unchanged.
Confirmation for a new leg up comes with a break back above 2k and a new high above yesterday's one with a focus on last week's 2030 high and the ATH furthermore.
This bullish scenario is negated by a daily close under support.

2023年4月12日

註釋

Bullish structure is intact and the rise could gain momentum.
Buy dips remains the best strategy for Gold