📕 Comment on Gold on February 25, 2021:
‼ ️In yesterday's session, the world gold price dropped sharply from 1813 to 1783, but at the end of the day, the world gold price had the momentum to recover from 1783 to 1805. With the buying and selling force of both afternoon so ended yesterday, world gold price closed with an unknown candle with balance force. Looking at the candlestick force of Gold with the lower peak lower than the previous one, I still keep the point of selling down with the precious metal Gold as analyzed in the last 2 days.
- In my opinion, the D1 time frame in my opinion Gold is likely to fluctuate in the range 1810-1785 in the beginning of today's session. So we can trade within this range.
- Currently, MA20 on the daily chart is still creating downward pressure on the precious metal Gold from the resistance zone 1807-1810 so in my opinion, we can establish a sell position with Gold precious metal with a target of 1794 and beyond is 1785. Here we will conclude our strategy of waiting for price reaction and not yet buying up with the precious metal Gold today.
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