Is Gold turning bullish again?
This week I draw attention several times to 1880 support and the possibility of a turn from this point, and, indeed, after a short-lived dip under this zone yesterday in the Asian session, Gold turned, leaving a nice Pin Bar on our daily chart.
At the time of writing, XauUsd is trading above 1900 again and there is a high probability of a bottom, marked by Pin Bar's tail.
Going further, my strategy remains the same: buying dips against the low with a target at 1920 resistance.
A new low would negate this scenario.
At the time of writing, XauUsd is trading above 1900 again and there is a high probability of a bottom, marked by Pin Bar's tail.
Going further, my strategy remains the same: buying dips against the low with a target at 1920 resistance.
A new low would negate this scenario.
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