Wednesday, 17 March 2021

 📕 Comment on Gold on March 17, 2021:

‼ In yesterday's trading session, the world gold price had a bounce to test the "old peak of 1740" but once again did not pass and then declined slightly again after that. At the end of yesterday session, precious metal Gold closed with a slight decreasing candle around 1728. With the last 2 days, the amplitude slowed down and the upside force was restrained at around 1740. In my personal opinion we can resell when the price approaches this price zone.

- Looking at the shorter timeframe H4 we see selling pressure around the resistance zone 1740 so at this price zone we would prefer to sell short to yesterday's range of 1728 and expectation is 1721. At this price zone, let's liquidity and wait for signal of breakout of gold precious metal.

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