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 in 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 in 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.
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