Gold- One step closer to new ATH

Yesterday, following a minor dip earlier in the day, Gold decisively broke above the 2720 resistance level and established a local high near the 2760 confluence resistance, formed by the horizontal level and the channel's resistance.

Currently, the price is undergoing a normal correction, which could provide traders with another opportunity to enter the market at more favorable levels.

The support zone begins around 2735 and extends to 2720, making this area an ideal spot for opening long trades.

In conclusion, the strategy remains unchanged: buying dips.