Mihai_Iacob

Gold- So far, 1880 is in play and remains my target

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday was a very interesting trading day for Gold...
After the price has broken above the resistance, XauUsd quickly reached 1850. Great volatility followed with a drop of 200 pips and recovery again.
However, bulls reacted very well and kept the price above the recently broken resistance, which is now support, and this outcome gives scope for more gains towards the 1880 zone.
I will remain bullish Gold as long as 1820 is intact and dips in that zone should be bought.


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