Gold is flirting with 1900. My target remains 1930 though
Atualizado
As I explained on Monday and yesterday, in my opinion, Gold will reverse and rise to test the 1930 resistance zone.
My opinion remains the same and after yesterday's price action is even reinforced.
As we could've noticed, after the touch of 1905 interim resistance (my initial target), Gold dropped and tested 1890 once more, bulls quickly took control leaving a nice H4 pin bar on our chart.
Also, XauUsd looks like it is forming a rounded bottom on shorter time frames, one more argument in favor of bulls.
To conclude, the strategy remains the same, buy dips with a target at 1930 zone and negation under 1883 low.
My opinion remains the same and after yesterday's price action is even reinforced.
As we could've noticed, after the touch of 1905 interim resistance (my initial target), Gold dropped and tested 1890 once more, bulls quickly took control leaving a nice H4 pin bar on our chart.
Also, XauUsd looks like it is forming a rounded bottom on shorter time frames, one more argument in favor of bulls.
To conclude, the strategy remains the same, buy dips with a target at 1930 zone and negation under 1883 low.
Nota
Gold is working as predicted and at this moment is trading above 1905 minor resistance at 1910.Let's see the daily close...
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