Gold Buying the Dips Continues

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

Gold is pushing up as the buyers completely dominate the market. If the price makes a dip, going long is still the best scenario.

Gold is still in a strong uptrend and we might see a continuation to the upside off the POC zone. Buying the dip is possible if the prices makes a retracement. 1577-79 is the zone. The first target is 1590 followed by 1597 and 1608. Only a dip below 1570 might make bulls weaker. As long as the price is above 1577, bulls will be extremely strong.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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