‼️During yesterday's session, precious metal Gold had a decline to the 1808 support area and then rebounded at the end of the session, closing yesterday's session with a bullish candle around. 1826 threshold. Although closing the day with a bullish candle, but in my opinion the decline of the next candle next Wednesday is still dominant and the downside pressure is still there.
- Switching to the shorter time frame H4 we can see that the uptrend is still being restrained around the MA20 on this chart and in my opinion here we can establish a sell position here with 1818 target and beyond is stronger support at 1805.
- Today is the last trading session of the week, so there will be profit taking steps at the end of the day, please note and my expectation Gold will have 179x in today's session.
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