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.
Not
Gold has made a new ATH. How long can it last without correction?
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.