Gold- correction could continue

2021年1月12日

As I said in my weekend analysis, 1820 zone could be a good place to buy Gold in anticipation of o correction.
After a short-lived sell-off yesterday on the Asian session, Gold found bids just in this strong support zone and has started correcting.
On a short time frame chart, we can clearly see that higher lows are in place at this point and 1850 zone offers resistance so far.
I expect a new leg up to compleat this correction and gains should accelerate towards 1880 once 1850 zone is cleared.
Buy dips remains my strategy for the yellow metal