In my post from yesterday regarding XAUUSD, I mentioned that while a correction is possible, it should be viewed as a buying opportunity to align with the overall bullish trend.
Indeed, after a brief consolidation and a test above 2260, Gold experienced a rapid drop to the 2230 zone. However, it quickly reversed course and closed the day with a new all time high in terms of closing, at 2250 Interestingly, yesterday's intraday correction halted precisely at the previous all-time high and Friday's closing price. This could be interpreted as a test of this resistance turning into new support.
In conclusion, as long as the 2230 zone remains intact, I am inclined to buy dips.
Catatan
Gold has made a new ATH. How long can it last without correction?
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.