Mihai_Iacob

Gold- 2010-1015 zone should be the ceiling

Short
Mihai_Iacob Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In my comment from yesterday, I mentioned that XAUUSD could correct higher and surpass the $2,000 mark again.
As anticipated, the price has risen and is currently encountering a significant confluence resistance point.
My view remains consistent: I anticipate a new downward movement once this correction concludes. Therefore, my strategy is to sell rallies within the 2010-2015 zone, with a target set at the 1980 support area.
I will reconsider this strategy if the price surpasses the 2030 mark once more.
Comment:
There is a typo in title, is 2015

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