Friday 30 July 2021

📕 Comment on Gold on 30/07/2021

In yesterday's trading session, precious metal Gold rebounded quite strongly, the price increased from 1806 to 1832 ($26) and closed with a bullish candle around 1828. With a breakout of the multi-day accumulation zone recently.  If it goes up, it is likely that in the coming time, the main trend of precious metal Gold in my opinion is to increase, so we will be inclined to buy up.


Switching to the shorter-term timeframe H4 we can see that this precious metal is currently facing a short-term resistance around 1830-1834.  Here, I think the possibility of precious metal Gold will correct slightly so we can continue to go up so we can establish a short sell position here and wait for a signal to buy up.  Gold precious metal's support zone in turn will be around 1823-1815.

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