Gold- New leg up above 1900 figure?

19 dic 2020

Gold had a very good week with the yellow metal gaining around 700 pips from bottom to shy under 1900 top, with a major break above 1850 negating what a lot called an H&S (it wasn't, as I wrote multiple times). Friday session found Gold in a slight correction and more of a consolidation move and the price barely moved in a 100 pips range.
I'm strongly bullish for the remaining part of the year and I wouldn't be very surprised if the price will pass above 1900.
I'm looking to buy and as for the level of interest, I see 1870 zone support.
I will maintain my strongly bullish outlook as long as the price stays above 1850