Gold to challenge 1850

٣ ديسمبر ٢٠٢٠

Yesterday, Gold, broke above trend line resistance and important horizontal 1820 line. A pretty good battle between bulls and bears followed and volatility was high for the next hours. In the end, bulls won and NY session closed around 1830.
That being said I will maintain my bullish bias for the yellow metal and I expect 1850 resistance to be visited.
Buy dips is my strategy for XauUsd and only a daily close under 1818 would change my outlook