Gold- Approaching strong resistance
Since the beginning of the month, Gold has had quite a run with the price gaining around 700 pips.
At this point, it looks like bulls are losing power and at least a correction could happen if the price reaches 1840-1850 zone.
However, the uptrend is still intact and short term speculators can still buy dips as long as the price is above 1815-1817
At this point, it looks like bulls are losing power and at least a correction could happen if the price reaches 1840-1850 zone.
However, the uptrend is still intact and short term speculators can still buy dips as long as the price is above 1815-1817
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