‼️Close the session last week precious metal Gold ended with a bearish candle. The downtrend sometimes reached the 1855 mark, but then in the last sessions of the week Gold rebounded, making the weekly candle retreat quite a lot. With the resistance at 1900 still not broken, in today's session we still prefer to sell down at the beginning of the session.
- Moving to the H4 time frame we see more clearly the current resistance area of this precious metal. So we can establish a short position with precious metal Gold price with a safe target around 1880. Here we liquidate and wait for a signal to buy this precious metal.
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