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- In yesterday's session, precious metal Gold went in the right direction when it matched the sell limit area and fell from 1793 to 1777 ($ 16) then bounced back and closed the day with a green candle around the threshold. 1787. Although yesterday ended with a bullish candle, this candle has a negligible increase in strength and the downward pressure around 1793-1795 is still good.
- Switching to a smaller time frame (H4) we can clearly see this when the candlesticks appear that the following high is lower than the previous high and the following low is deeper than the previous low. So my personal view in today's trading session is still selling. The nearest resistance area where we can establish a short position is 1786-1790 with a safe target around 1775 and an expectation of 1768.
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