Gold will continue to rise after the correction
Yesterday, gold dipped to a low of 2864; however, this drop was quickly reversed as bulls took control, pushing the price back above 2900. This raises the question: is the correction over?
The daily candle formed a Pin Bar, which could be a strong indication that the correction has ended.
Currently, the price is trading around 2913, with the key support level for bulls at the 2890 zone. As long as the price remains above this level, we can expect the uptrend to continue, potentially leading to a new all-time high.
The daily candle formed a Pin Bar, which could be a strong indication that the correction has ended.
Currently, the price is trading around 2913, with the key support level for bulls at the 2890 zone. As long as the price remains above this level, we can expect the uptrend to continue, potentially leading to a new all-time high.
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