Mihai_Iacob

Gold- extremely bullish above 1600

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
March has been a very volatile month for the price of gold. After reaching a high of 1700, gold drop like a rock to 1450 zone, where it found support and consolidated for a few days. The price started to rise again and managed to pass 1600 resistance zone again. Now the price is at 1618 and the scenario is very bullish as long as the price stays above this zone.
Buy dips for a retest of 1700 could be a good strategy in the next week

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