Wednesday, 18 August 2021

Comment on Gold on August 18, 2021

  - 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.

For Live Gold Signals You Can Visit Our Website.

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 --------------------------------------------------->