Monday 1 February 2021

Technical Gold Overview February 1 to 5, 2021:


 + Gold this new week, the goal at the beginning of the week is a sell soup, everyone.  Close so last weekend was a withdrawal candle, showing that the sellers were still dominant.  Gold is likely to head towards lower milestones like 1800-1810.

 You should watch Sell this week.  Buy bottom positions should set SL short.  because if the price breaks through the psychological resistance of 1800. it is likely that the price will continue to fall deeply.

 + Our prediction is that the price will be 1800-1810 in the first days of the week, then there will be a slight recovery.  In my opinion next week the price will be difficult to move up because the sellers seem to have the upper hand.

+ My recommendation is the mainstream SELL soup.  with the following level: 1825 1810 1800

 ===> HAPPY TRADING NEW WEEK, NEW MONTH SUCCESSFUL !!!

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