InvestMate

🧈 Gold Landing on Support Zone 🧈

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
🧈 Gold Landing on Support Zone

🧈 As you can see gold during today's session landed around $1926

🧈 All due to the decision of the Reserve Bank Of Australia which for the 3rd time in a row did not raise interest rates from the 4.1% level

🧈 The downward price movement was not justified because most investors knew that the Reserve Bank Of Australia was no longer going to raise interest rates

🧈 The reaction seems to me to be a typical deception and going for a stop loss

🧈 I'm not changing my scenario for gold's rise so far.

🧈 We stopped at a strong support zone which means a good time for me to buy.

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