Gold- 2k soon?
Another strong bull day for Gold, with the price rising almost 500 pips from bottom to the top.
As I expected and suggested, dips were bought and the consolidation was broken to the upside.
Now the price is in a normal correction and my strategy remains unchanged: buy dips.
1915-1920 should provide strong support, and only a daily close under 1900 would change this bullish perspective.
On the upside 1950, 1975 are resistance zones, but, I wouldn't be surprised to see 2k very soon.
Best of luck!
Mihai Iacob
As I expected and suggested, dips were bought and the consolidation was broken to the upside.
Now the price is in a normal correction and my strategy remains unchanged: buy dips.
1915-1920 should provide strong support, and only a daily close under 1900 would change this bullish perspective.
On the upside 1950, 1975 are resistance zones, but, I wouldn't be surprised to see 2k very soon.
Best of luck!
Mihai Iacob
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