📕 Comment on Gold on May 3, 2021:
‼ ️ Ending session last week Gold precious metal had a week of decline from 1790 to 1755 ($ 35) to close the week around the threshold of 1768. With the last week Gold prices continued to fail to break out " The old peak of 1797 "in my opinion this price zone continues to be the resistance zone this week of the precious metal for us to sell down.
- Switching to the daily chart time frame we can see that in the past week, only on Thursday (April 29, 2021), the gold precious metal has a rhythm to the remaining 1755, the price is almost delivered. trading above the threshold of 1760 and there has never been too much downward pressure on the price to penetrate this price range. Therefore, in the beginning of the trading session this week, in my opinion, we still maintain the plan to buy Gold with the precious metal Gold. That safe target is around 1780 and beyond 1785. Here we should liquidity and wait for the next trend.
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