Gold Bulls in Control: New ATH Expected Soon
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As discussed in Monday's analysis, Gold is likely to reach a new all-time high this week, and I still hold this view.
After a brief dip that corrected last week's gains, the bulls regained control.
At the time of writing, the price stands at 2677, surpassing the local resistance level of 2667 and nearing the previous ATH of 2685.
My strategy remains to buy on dips, and in terms of targets, we could see Gold trading above 2700 in the coming days(if not even today)
After a brief dip that corrected last week's gains, the bulls regained control.
At the time of writing, the price stands at 2677, surpassing the local resistance level of 2667 and nearing the previous ATH of 2685.
My strategy remains to buy on dips, and in terms of targets, we could see Gold trading above 2700 in the coming days(if not even today)
Trade chiuso: obiettivo raggiunto
Old ATH hit, partial profit takenTrade attivo
As expected
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