Gold Eyes $3,000 Breakout: Buy the Dip Strategy Remains in Play

14 Mar

Yesterday, as expected, Gold reached a new all-time high, coming very close to the key $3,000 psychological level.

Currently, the price is undergoing a minor correction, consolidating the strong gains from yesterday — which may present traders with a fresh opportunity to join the prevailing bullish trend.

The $2,955 level, representing the previous ATH, now acts as a key support. However, in my view, Gold is unlikely to revisit this level, as it would be too obvious and heavily watched by the market. Instead, I expect a shallow pullback followed by a new impulsive leg higher, likely pushing the price above the $3,000 mark.

Conclusion:
The strategy remains unchanged — buy dips in anticipation of a breakout to new all-time highs beyond $3,000.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

17 Mar

İşlem kapandı: hedefe ulaştı

3k reached during Friday s session