Gold is consolidating already for 7 days now and this range trading seems to be close to an end.
1765-1770 proved once more to be a strong demand zone for Gold and yesterday's drop was reversed quickly leaving a Pin Bar on the daily chart.
At this point bulls hold the upper hand and, considering the time spent in consolidation, I expect a strong break above 1800 soon
Dips should be bought and 1850 is my target
1765-1770 proved once more to be a strong demand zone for Gold and yesterday's drop was reversed quickly leaving a Pin Bar on the daily chart.
At this point bulls hold the upper hand and, considering the time spent in consolidation, I expect a strong break above 1800 soon
Dips should be bought and 1850 is my target
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