Gold- great volatility don't change anything
Yesterday was a crazy day for the price of Gold, with the price ranging more than 600 pips from top to bottom and in a very short time.
After a violent rise to 1975 resistance, the drop was more violent with the price falling like a stone to 1911.
The price settled around 1930 in the end and from the technical point of view nothing is changed with the yellow metal still consolidating in the symmetrical triangle that I've spoken about.
I maintain my bullish outlook for this asset and I expect a break above triangle resistance next week and a continuation to a new high in the medium term.
As long as the price stays above 1910 I will buy dips
After a violent rise to 1975 resistance, the drop was more violent with the price falling like a stone to 1911.
The price settled around 1930 in the end and from the technical point of view nothing is changed with the yellow metal still consolidating in the symmetrical triangle that I've spoken about.
I maintain my bullish outlook for this asset and I expect a break above triangle resistance next week and a continuation to a new high in the medium term.
As long as the price stays above 1910 I will buy dips
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