📕 Comment on Gold on May 13, 2021:
‼ ️The end of the session yesterday, gold precious metal had a nice drop when from 1843 to 1813 ($ 30) closed the session yesterday at 1815 with a strong candle and completely covered. increase in the previous 2 days. With such a sharp decline, it is likely that in today's session, gold precious metal will continue to be under pressure to decrease.
- Considering on the shorter term timeframe H4 we can see the price is sticking to the falling band. But this area is not a good price zone for us to sell down, I expect Gold price will have recovery spans to around 1820. Here we can establish a short position with precious metal Gold. on the support it broke right a week ago is 1795-1804. Here we will liquidate the order and wait for the next signal.
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