Gold could rise to 2460

Aug 12

After a significant drop of nearly 1,000 pips last Monday, gold has established strong support at 2,380 and began to recover mid-week, reaching the 2,430 resistance zone.

The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420.

At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours.
My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.

Aug 12

Note

xauusd cleared 2430 zone resistance which has become support at this moment

Aug 12

Note

On 15min chart the short term support is very clear just above 2430

Aug 12

Trade closed: target reached

tradingview.com/chart/GfczDMMy/

Aug 13

Note

And, NO, Gold has not come to ATH zone for all of us to sell
I expect strong break of ATH after correction

I'm looking to buy on dips