Gold- Bottom is in (most probably)

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, as I expected, Gold reversed from 1940 support and after passing above median resistance (old support) at 1955 managed to close the trading day near the top of the trading range, negating all the drop from 2 days ago.
At this moment there is a high probability of a bottom being in place and, as explained in yesterday's analysis, buy dips should be the appropriate strategy.
Looking at the posted h4 chart we could see very clearly the 1955 now again support, and this should be the zone where we should look to buy.
Also, on a daily time frame, a double bottom could form, with its neckline clearly drawn in 1980.
In conclusion, buying dips under 1960 with negation under recent low is my strategy.
The first level to watch for the target is the 1980 zone, but, as explained, a break here would put the double bottom in play and the measured target for it is 2020.

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