As I expected, last week was a strong bullish week for Gold with the price rising 500 pips, but most importantly, breaking above very important confluence resistance at 1830. On Friday bulls proved once again their strength and after an intraday correction under 1850, totally took control and drove the price to 1865 on closing giving us also a great bullish weekly candle. I don't expect much of the correction from this point and my eyes are looking to 1900 resistance which is also the parget for my existing trade. For Gold to remain bullish price should not drop under 1830 and buy dips is the strategy that i recomand
@OptimoomFX, i think it will retrace to 1831 to 1830 because there is a major resistance, and the gold have not yet retrace in the daily timeframe
forexathome
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@OptimoomFX told you the gold will retrace first
snowgod
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shorters are being constantly tested here, constant testing of 1870 resistance by buyers and are in charge for moment. Sellers will retreat to 1900 then 1930 where the next big resistance sits.