️In yesterday session, gold precious metal had a strong decline to around 1755 then rebounded to around 1775, closing the day with a bearish candle at around 1772. Although the force of decline last night was quite strong, but the price has not yet broken down to close below 1765 so the buying force with this precious metal is still there. In my opinion we will buy short around this price range today and wait for the selling point to drop with the precious metal Gold.
- Considering the shorter time frame H4, we were very correct to stand out with this precious metal yesterday when there was a strong downside candle in the 1755 zone and follow me this candle. Not to say many things, so the gold support price zone is still around 1765-1770. We can establish a short position here with a safe take profit around 1780. So at this zone we will wait for the next signal of the precious metal Gold.
- The yellow metal signal is only valid in the first 2 sessions today, entering the US session, we should stand out of the market because today is the end of the weekly and monthly candles, so there is a possibility that there will be profit-taking forces of the market. Note that this information can be made in the precious metals market.
No comments:
Post a Comment