- In yesterday's trading session, Gold bounced up to the right price zone of 1795 and dropped beautifully to 1780. Closing the day session with a bearish candle, this is the first day of decline after 4 days of rising. quite strong. With precious metal Gold starting to show signs of correction, in my opinion, there is a high probability that in today's trading session, precious metal Gold will continue yesterday's downtrend.
- Moving to a shorter time frame, the nearest resistance area for Gold is around the 1787-1790 price range, here in my opinion we can continue to establish a short position with the precious metal Gold. with a safety target around 1775 and an expectation of 1768.
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