Gold Recovers After a Sharp Drop – What’s Next?Last week was a tough one for Gold bulls, with the price dropping sharply to a low of $2,830, breaking through multiple support levels.
However, after Friday’s close back above the $2,850 zone, the market opened on Monday with a gap. Once that gap was filled, the price rebounded, breaking back above the key $2,880–$2,890 technical zone.
Furthermore, at the time of writing, Gold is trading at $2,915, nearing the next technical resistance at $2,920.
What’s Next?
✅ Bulls currently have the upper hand, and as long as the $2,890 zone holds, new all-time highs (ATHs) could be on the horizon.
✅ I'm currently out of the market, but if the price stabilizes above $2,900, buying dips should be the preferred strategy.
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