‼ ️In last night's trading session, world gold price had 2-way fluctuations. After the price dropped from 1863 to 1834 (2-way amplitude of 29 $). Gold ended the day with a bearish candlestick at 1841. In my opinion the close is almost equal to the closing price of the other day (January 27), the possibility of selling has begun. leveled off and today buying priority would be more reasonable.
- Moving to the H4 time frame, we can see that Gold price is creating a support zone around 1834 when the price reached this zone in 2 days and rebounded. So in my personal opinion around 1834-1837 we can make a long position with the precious metal Gold. The safe target for profit taking will be below the 1860 price zone. This is also the closest resistance level for Gold today.
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