Monday has been a strong day for gold bulls, with the price surging by approximately 500 pips. After reaching a new local high yesterday, the price began a typical correction and is now consolidating above the 2460 support level.
My outlook for gold remains bullish, and I'm looking to buy on dips. The 2450 zone would be an ideal entry point.
For short-term traders, a target could be the 2480 zone, which is where the last high was set. However, I wouldn't be surprised if the bulls attempt to push the price towards the significant 2500 milestone.
My outlook for gold remains bullish, and I'm looking to buy on dips. The 2450 zone would be an ideal entry point.
For short-term traders, a target could be the 2480 zone, which is where the last high was set. However, I wouldn't be surprised if the bulls attempt to push the price towards the significant 2500 milestone.
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As I explained, dips should be bought in my opinion.I'm in buy from under 2450
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