📕 Comment on Gold on March 2, 2021:
‼ ️ At the end of the session yesterday, the world gold price dropped sharply from 1760 to 1719 (41 $). Once again test the price range that last Friday fell to 1719. With the world gold price, although there was a quite strong decline day as yesterday morning's assessment, it has not yet continued to break the new price range. still, only stop at 1719. So in my opinion, it is likely that the world gold price in Asia session today will have a rebound from the current price range.
- As many previous analysis reports, I said that the world gold price in the coming time will continue to decrease, so we will only buy short-term to wait for the price reaction. follow.
- On the H4 timeframe we can see the nearest resistance level where Gold can recover is around 1740. At this level, in my opinion, we should take profits safely. and wait for a price response. If today the price stands above the threshold of 1740, it is possible that the precious metal gold will continue to recover to the region of $ 1755-1760 / oz.
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