Tuesday, 17 August 2021

Analysis Gold on August 17, 2021

In yesterday's session, precious metal Gold did not have a correction to return to the analyzed buying zone, but only reached 1771, then went up to 1789, closing yesterday's session with a candle.  The green rallied around 1786 and currently, there is no sign of a reversal.



However, this is also the area where the price touches MA20 on the daily chart time frame, so the possibility of a slight correction here is also possible, in my opinion, I expect in the beginning of the session.  today's trading precious metal Gold will have a slight correction around 1775 to be able to establish a buy status with the target of 1795-1800.

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