Mihai_Iacob

Gold- Correction over?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After reaching a maximum of 1555, gold dropped to 1460 in a corrective manner. We believe this correction is over and a new leg up is coming. At the moment the gold is trading above the psychological level from 1500 and above the downward trend line that offered resistance until yesterday.
Buy dips around 1500 could be a good strategy, at least a retest of 1550 area being very probable

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