Friday, 16 July 2021

Gold comment on July 16, 2021

 After the precious metal Gold surged to the 1834 price area, it immediately fell to the 1820 threshold and in yesterday's trading session Gold did not have any strong fluctuations, the price fluctuated around 1820-1832.  Closing yesterday's session, precious metal Gold had one more day of gains, however, the increasing force of the daily candle was not significant and as I said above, it was only fluctuating within the range.


Moving to the H4 time frame we see this even more clearly and I expect the precious metal Gold is creating resistance around 1830-1834 to move down so in the beginning of today's session we  We will prioritize the option to sell down with the target 1815-1820.

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