Mihai_Iacob

Gold- Buy dips remains my strategy for the week

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week, I've argued that, after the low under 1800 figure, Gold could resume its uptrend and after 2-3 days of consolidation back above 1800, the price has risen and also broke above the descending trend line.
Now the price is around 1855, exactly in the resistance zone and a break here would expose my target at 1900.
As long as 1820 is intact, buy dips remains my strategy

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