In yesterday's session, precious metal Gold mostly moved sideways when it fluctuated in the 1786-1775 range, touched the 1786-1790 range many times but failed to break through, so it proves that this price zone is under pressure. The selling pressure is quite large and we can establish a sell position when the precious metal touches this price area.
- On the daily chart time frame, yesterday Gold closed with a bearish candle after recovering on Monday, so it is even more supportive of the downtrend and in my opinion the possibility of the metal today. Gold quarter will retest the 1765 price zone.
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