Friday, 11 June 2021

Comment on Gold on 11/06/2021

 - In yesterday's trading session, precious metal Gold had beautiful declines beyond the city's set target and reached 1869. After reaching this price range, Gold bounced back to the 1899 price range and closed.  Closing the session with a bullish green candle.  Although it ended with a green candle, in my personal opinion the price is still in the resistance zone around 1900. So here we can still establish a short-term sell position with this precious metal.  .

 - On the H4 time frame, this is a fairly strong resistance around 1900. This is also the upper band of the precious metal Gold but many times it can't pass, so I still prefer selling down here.  Today's selling target is expected to be around 1885. Here we liquidate the order and wait for the next option.

 - Case 2, if precious metals do not correct and go up, we wait for the recovery spans to buy back, the buy point will be updated if Gold follows case 2.

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