Gold- Has it become bullish?
Gold has started the year badly, with 2 strong reversals from 1830 resistance.
However, the reversal from 1790 support in the second instance and the incapacity to drop under 1800 yesterday has changed my opinion.
Also, yesterday we have a strong up move with the price managing to break above 1810 zone resistance, which brings more confirmation for a continuation to the upside.
At this moment Gold is trading around 1820 and dips should be bought around 1810 now support.
The first target for bulls can be the 1830 zone and a break here would expose 1850
However, the reversal from 1790 support in the second instance and the incapacity to drop under 1800 yesterday has changed my opinion.
Also, yesterday we have a strong up move with the price managing to break above 1810 zone resistance, which brings more confirmation for a continuation to the upside.
At this moment Gold is trading around 1820 and dips should be bought around 1810 now support.
The first target for bulls can be the 1830 zone and a break here would expose 1850
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