#GOLD #XAUUSD #GC
Hey, guys.
In the last mid-term review I said that I don't see a short on gold and planned to use corrections to set a long, which actually I managed to do.
The price of gold tested its average values and continued to rise. At the moment it reached ATH, the price approached the strong option level of 2550. Perhaps we will see some more upward movement of the price to the zone of 2580-2600. Locally, we have a rising wedge, local support is below 2470-2500. Statistically we are approaching a weak September for gold and there may be some corrections and landings, and recovery closer to October.
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Stay tuned.