Monday 12 April 2021

Comment on Gold by Money Life Research

 ‼️ ️ Closing last week's trading session Gold precious metal had a week of increasing from 1721 to 1759 ($ 38) and closed the week at the price zone of 1743. With the close of the week with this bullish candle combined with  The next 2 candles next week Gold created a pair of short-term bullish reversal candles.  Therefore, in my opinion, the buy option will be given priority in the first sessions of this week.


 Judging from the D1 time frame, we can see that on the last Friday night, although Gold price had strong decline sessions, however, at the end of the session, there was a buying force and ended the daily candle with a candle.  Lower withdrawal, the closing price of the daily candlestick was still quite high at 1743.

 - At the beginning of today's session, in my opinion, we will prioritize buying when the price is good and expect the GOLD to correct to around 1732-1738 in order to establish a buy position.  The first target that precious metals need to conquer is around 1758-1760.  If you pass this price zone, the price zone of 1775 will be the next destination for the gold precious metal.

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