📕 Gold comments on March 31, 2021:
‼ Ending the session yesterday, gold precious metal had another strong decline session when from 1714 to 1678 ($ 36) tested the "old bottom" earlier this month on March 8, 2021. This is the 4th time in nearly a year that the world gold price has re-tested this support zone. In my personal opinion, the possibility that gold precious metal will have a recovery span going up after retesting this strong support price zone.
- Considering on the daily chart timeframe, it is clear that the gold precious metal is currently approaching the strong support price zone from April 2020 until now that it has not been broken. And we need to keep an eye on whether the price of Gold will break or not. In my opinion, if it ends today, if the price of Gold stands firm above 1686, there will be strong rebounds going up again. If it breaks through this 1675-1678 price range, the possibility of further declines is inevitable.
- On the timeframes, there are strong downward pressures, but in my opinion, we should consider prioritizing buying gold precious metals rather than researching to sell with the SL level is not too long at 1669. Item Expectations I am heading towards 1700-1705 during today's trading session
No comments:
Post a Comment