Gold- starting the year in important confluence resistance

3. Jan. 2021

Gold has finished the year just shy under 1900 important confluence resistance with the price ranging between 1870 and 1900 in the last days of 2020.
From the 1765 low Gold is bullish, putting in higher lows on our chart and I expect a break above 1900 in the first days of 2021.
My strategy is to buy dips above 1870 and the medium-term target can be 1970 zone. Interim support is found at 1925.

4. Jan. 2021

Trade geschlossen: Ziel wurde erreicht

First target at 1925 reached