At the end of the session yesterday, the world gold price had a strong decline from 1755 to 1719 ($ 36), but at the end of the session, the price of gold rebounded and closed the daily candle at 1732 with a tree. candle draw legs. In my opinion, after the gain of Wednesday night, yesterday the price dropped just like that, back to the sideways 1723-1740. So we can trade the precious metal Gold in these 2 margins.
- Moving to the H4 time frame, in my opinion, Gold may still be under downward pressure in the beginning of today's session to come back to test the 1716-1720 price range again. Only consider the signal of a reversal of Gold here. If the precious metal Gold does not pass this price range, it is likely that Gold will have an uptrend again.
- One more thing in my opinion, we should limit trading in the middle of the current price in the beginning of the Asian session to wait for the deep waves of this precious metal to establish an entry position that will be safer for the asset. our account.
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