For scalpers, this could be a good idea!

semalamFor scalpers, this could be a good idea

Last week, I suggested that Gold would experience a pullback at some point.
However, this wasn't a prediction of a trend reversal, but rather a temporary correction following its extended upward move.
On Friday, Gold did indeed decline, reaching an intraday low in the 2643 zone.

Now the key question is: Has the correction ended?
In my view, there is still potential for a further dip, with the next leg of the correction possibly pushing Gold down to around 2613, which could present an ideal buying opportunity.
In this scenario, Bulls may look for entry points and aim for the recent highs.