Gold could continue its rise

8月19日

Last week was marked by significant volatility in gold prices, with fluctuations amounting to hundreds of pips. However, on Friday, the bulls took full control, driving the price above the important milestone of 2500.

Currently, the price is undergoing a minor correction and consolidation phase. I expect it to resume its upward trend once this period concludes. The 2480 zone offers strong support, and any dips into this area should be considered buying opportunities.

The first target could be set at Friday's high of 2510, with a second target at the 2520 zone, which aligns with the measured target for the recent small triangle pattern.

8月19日

交易开始

As aspected, Gold corrected and entered my buy zone.

8月19日

交易手动结束

I closed both my trades manually.
Friday's one with 320 pips profit
Today's one with 50 pips profit

I'm looking to buy lower