Comment on Gold on March 9 by Money Life Research

 📕 Comment on Gold on March 9, 2021:

After last Friday, the downward force seemed to slow down then yesterday Gold price failed to recover and fell from 1714 to 1676 ($ 38) closed day candle continued with a strong down candle.  As of yesterday's comment, I mentioned that in order for the price of Gold to rise again, the daily candlestick must be closed above 1714-1715, but the pressure dropped sharply and this precious metal created a new bottom.

 In my personal opinion today, with such strong downward pressure, there is a high possibility that the downside force will continue today.  My opinion is to wait for the precious metal Gold to return around 1695-1700 to establish a sell-down state.  The target expected at 165x will be the area of ​​this precious metal price towards today.

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