At the end of last week's session, precious metal Gold had another gaining week from 1872 to 1912 ($40) and closed the week with a bullish candle around 1903. This is the 4th week of consecutive gains. continues of this precious metal and has not shown any sign of decreasing again, so it is likely that in the beginning of today's session, Gold will still be supported in the uptrend.
- On the D1 daily chart time frame, we can see a strong upward push and if Gold breaks out of the 1912 "old peak" price zone, it is likely that Gold can go to the 192x-193x price zone. Up to this price area we will consider the signals to sell down with this precious metal.
- Today is also the last day of May, so tonight we need to pay attention to the profit taking rhythms of investors because May is the month when Gold has rebounded very strongly.
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