As I said in my weekend analysis, 1820 zone could be a good place to buy Gold in anticipation of o correction. After a short-lived sell-off yesterday on the Asian session, Gold found bids just in this strong support zone and has started correcting. On a short time frame chart, we can clearly see that higher lows are in place at this point and 1850 zone offers resistance so far. I expect a new leg up to compleat this correction and gains should accelerate towards 1880 once 1850 zone is cleared. Buy dips remains my strategy for the yellow metal
Great analysis, after reading your analysis as additional confirmation of my plan. I already open buy @1820 and close it @1830 yesterday..now i tend to engage another buy oportunities..