📕 Comment on Gold on February 19, 2021:
‼ ️In yesterday's session, Gold price had a rally to 1789 in Asia
session but then the uptrend was not maintained and then turned down again to
close the day again with a bearish candle.
is the 6th consecutive day the world gold price has declined and in my
opinion, with this weak recovery, it is very likely that the 176x price range
will be broken in the near future. - Yesterday, after buying up to 1789, we were
quite successful in selling back down from this price zone and the current
price of Gold is still in strong support zone around 1765. Here we should wait
for the turn. price action. If the gold price has a rebound here, we will
wait to sell down around 1780. The safe target will remain above the strong
support zone of 1760.
- And if the price of Gold does not recover to
the 1780 price range but goes down, the next destination of Gold will be around
175x. Regardless of the plan, in general
we will wait to sell down with the precious metal Gold in good resistance areas
as outlined above.
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