Gold- and now what?

2020년 9월 2일

As I ve expected, Gold broke above 1975 resistance and continued its bull run towards 2k zone.
After several hours of consolidation between 1985 and 1992, bears took control and the price dropped to 1955-1960 support zone.
This failing of continuation above 2k doesn't change my long term bullish outlook for this commodity, just put a pause in my optimism.
I believe we'll have at least a few days of range trading and I will try to buy near support and sell 1980 resistance