Mihai_Iacob

Gold- small correction underway?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yesterday, gold passed over 1700 without much resistance.
Now the prices seem that it wants to retest old resistance as new support and a drop to 1700 and under is not out of the question.
That being said I don't expect a change of trend and 1800 is still my medium-term target.
Buy dips under 1700 could be a good idea

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