Thursday, 11 March 2021

Gold Analysis- Money Life Research

Technical Gold Analysis

  ‼ ️ At the end of yesterday's trading day, world gold price bounced up from 1708 to 1726 (18 $) to close again with a slight bullish candle but the back peak was higher than the previous one.  With the movements of most of last night in my opinion this momentum will continue in today's trading day.

 - During the whole yesterday, the world gold price did not change much and at the end of the session, the gold price just broke out of the 1720 zone and went up to the price zone of 1726,1727.  With this rise of Gold, on the D1 timeframe it is likely that this precious metal will conquer the price ranges of 174x to 175x on today's trading day.

 - Switching to the smaller timeframe H4 in my opinion, and expectation for today.  Now, Gold may reach around 1745.



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