Thursday, 20 May 2021

Comment on Gold on May 20, 2021

  ‼️In yesterday's trading session, we had great success with the strategy of buying at 1855 to around 1889 ($34).  After taking profits, at the end of the session Gold fell again and closed yesterday's trading day, this precious metal ended the day with a falling doji candle.  With a close like this in my opinion this metal has started a slight correction and in the beginning of today's session we can sell down with this metal's correction.

 - Switching to a shorter time frame than H4 now the price is touching MA20 above H4 and there will be a slight uptrend.  This upward force in my opinion is the point where we can wait for the high price to sell down and the possibility that around the 1870-1875 price zone we can establish a sell position with this metal with a safe target around the threshold.  1855 in today's trading session.

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