Thursday, 12 August 2021

📕 Comment on Gold on 12/8/2021:




In yesterday's trading session, precious metal Gold had a strong gaining day when the price increased from 1723 to 1754 ($31) and closed the session with a bullish daily candle around 1751. With the increasing force, Yesterday's price was quite strong, in my opinion at the beginning of today's session, precious metal Gold continues to be pushed to the 1760-1765 price range without much correction.

 As in the previous analysis, I said that the price zone 1760-1770 is a support price zone that has been broken, and now it is a new resistance area.  If the precious metal Gold at the beginning of today's trading session approaches this price range, it is possible that Gold will correct slightly after yesterday's strong rally and in my opinion, let's wait for the upper price zone.  to establish a short position in Gold with a safe target around 1740.

Get more information: https://www.moneylifeconsulting.com/


No comments:

Post a Comment

Remarketing tags may not be associated with personally identifiable information or placed on pages related to sensitive categories. See more information and instructions on how to setup the tag on: http://google.com/ads/remarketingsetup --------------------------------------------------->