Mihai_Iacob

Gold remains bullish above 2150

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week, after establishing a solid foundation in the 2150 zone, XAUUSD experienced a rapid ascent, reaching a new all-time high at 2222.
However, profit-taking ensued, causing the price to retreat below 2200. Despite a 700-pip drop, the overall structure remains bullish above 2150.
Consequently, my strategy entails buying dips in anticipation of a retest of the 2200 figure.







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