📕 Comment on Gold April 23, 2021:
‼ ️ At the end of last trading session, gold precious metal had a decrease from 1797 to 1777 (20 $) after touching MA20 on W1 week time frame, closing yesterday session at 1783 price range. Selling appeared at around 1797 but after reaching around 1777 the price started to appear further buying pressure on the weekly chart. The buying force is still supporting the uptrend.
- Moving to a shorter time frame than H4, we can see that the last 3 H4 trees are all withdrawal candles after touching 1777, proving that in the short term, there has been a lot of buying power to support the coin direction of increase. So in my opinion in the beginning of today's session we can make a buy position on this precious metal here. The safe target will be around 1795. Here we can make liquidity and watch for sell signal with this precious metal.
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