Gold is finally coming to the end of a 3-month consolidation similar to the consolidation which started in mid-Feb 2019.
While the price dipped about 200 pips last Friday due to a strong US employment data, it found support at 1459 and hold out till the market closed.
Although the bull strength was disappointing, there's always a chance for gold to rise again as long as it does not break any lower than 1440.
This week, we will still focus on buying between the price of 1457 and 1455.
And since the price has already pulled back significantly, the opportunity should come as soon as within the first 2 trading day.
While the price dipped about 200 pips last Friday due to a strong US employment data, it found support at 1459 and hold out till the market closed.
Although the bull strength was disappointing, there's always a chance for gold to rise again as long as it does not break any lower than 1440.
This week, we will still focus on buying between the price of 1457 and 1455.
And since the price has already pulled back significantly, the opportunity should come as soon as within the first 2 trading day.
