Gold is consolidating after correction.
The instrument is being bought back from the lower boundary, the buyer is switched on, as we are told by the clusters below and tails. Strong support is at 2280 which should not be broken. The long set up is strengthened by the devaluation of the dollar, the growth of bonds, and major currencies.
Gold miners also corrected to the support zone, and if we start to bounce from here, it also strengthens the longing scenario.
Set a position in the range of 2345-2355.
Cancellation of the scenario and consolidation below 2280. Always DYOR.
Stay tuned.
