‼ ️ At the end of yesterday's
session, the world gold price had a rebound as expected when from 1707 to 1738
($ 31) closed the day with a strong bullish candle with the increasing force
covering the candle. the second day of
the week decreased. With this momentum , in my opinion, this momentum will be maintained for today.
Considering on the H4 timeframe, we can see that Gold is currently facing resistance around 1740, and in my opinion, the condition for precious metals to rebound strongly is to overcome the price range. 1740 in the Asian session today. If you pass this price range, the destination of gold precious metal will be around 1755-1760.
- The support price zone that pushes the gold price up during the day will be around 1721-1725. Around this price range we can establish a buy position in my opinion. Safe target will be around current resistance at 1740 and expectation at 1755-1760.
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