Gold Set for a Strong Rebound: Strategic Buy-Turn Ahead After Pullback
Gold has pulled back amid stronger US data and a firm dollar, but key technical support near $1,900 holds steady. According to Yohay Elam’s FXStreet analysis, this dip presents a compelling buying opportunity as oversold indicators and a potential double bottom signal a bounce. Traders may consider building long positions targeting $1,935–$1,950 resistance zones while monitoring Fed policy and geopolitical risks driving safe-haven demand.
