Gold- back above 1800, what this mean IMO

2 thg 12, 2020

In my weekend analysis, I said that Gold could have finished correcting, my bullishness grew on Monday and led to a buying trade at 1773 which brought a pretty good profit of almost 500 pips, but what now?
As you can see from the chart, XauUsd stopped its ascend exactly in trend and horizontal line resistance slightly under 1820 and until we have a daily close above this important zone bulls are not out of the woods yet
From a short term perspective, I will search for buying opportunities around 1800 zone or under with a target of 1820.