‼️ ️In yesterday's session, gold precious metal had a fairly strong growth span from 1781 to 1817 ($ 36) and closed the session yesterday with a bullish candle that surpassed the resistance zone 1800-1804 and heading towards the next resistance around 1821-1825.
- D1 timeframe we can see when a resistance is broken it turns into a new support zone and we wait for the price to come back to buy but in my opinion the possibility of a rally. In the beginning of the session today, it is a bit difficult to happen, but in my opinion, if Gold returns here, the possibility of yesterday's trading day will be a "fake breakout" and will go down again.
- Tonight, the US announced the Nonfarm payroll report for April and closed the weekly candle, so I think there will be 2 possible scenarios. Firstly, Gold may move sideways to continue its uptrend, break up to the 1821-1825 price range, and then decrease again. The second is that this metal is likely to fall to its sideways price zone that it broke yesterday to become a "fake breakout".
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