Last week, gold reached a new all-time high of 2,815. However, profit-taking on Friday led to a weekly close below the key 2,800 level.
A few hours ago, as the new week opened, the correction continued, but the price is now starting to recover.
Despite this pullback, the overall trend remains bullish. The key support zone for buyers is between 2,765 and 2,770.
As long as this zone holds, the strategy remains to buy on dips.