Mihai_Iacob

Gold- to resume its uptrend?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

After the spectacular rise from the end of last year that brought the price of Gold over 1600 dollars per ounce, the yellow metal has corrected to the area of ​​the former maximum, now becoming support at 1530-1550 zone.
I think this correction is over and Gold will resume its uptrend, a retest of the 1600s being very likely.

Strategy:
Buy dips above 1540
SL under 1535
TR 1600 zone

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