- Ending the last trading week, precious metal Gold had a strong decline week from 1903 to 1760 ($143) and closed the week with a strong bearish candle around 1764. With such a strong decrease like this. then it is highly likely that the precious metal Gold will still be under downward pressure at the beginning of this week.
- Switching to the daily chart time frame, we can see that this precious metal Gold has not shown any significant recovery yet but is trending to recover weakly from the 1760 support area. Personal opinion. In my opinion, this recovery will not be strong, but will only come around 1780-1785 and then come under downward pressure again. So in my opinion here we can establish a sell position with a safe target around 1760-1765.
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