Mihai_Iacob

Gold- Short term buyers should be careful

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold bulls had another good day yesterday with the price rising more than 200 pips from the bottom to the top.
However, they should be careful with their buys, yesterday being the 6th consecutive green day and Gold gaining more than 1000 pips in this period.
The trend remains strongly bullish in the medium term, but a correction is not out of the question
Levels of support are: 1843, 1830 and strong support at 1810, and in these points swing traders can look for buying opportunities
On the other hand, short term traders can look for selling opportunities as long as the price is under 1870 and mentioned support levels can offer targets

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