Tuesday, 10 August 2021

📕 Gold comment on August 10, 2021



 - In yesterday's trading session, precious metal Gold had a strong decrease day, at the beginning of the session the price dropped from 1764 to 1684 and closed the day with a bearish candle around 1730.  strong and the strong support area of ​​1750-1760 has been broken, so the downward pressure will weigh on this precious metal in the next trading sessions.

 - Yesterday we were quite successful in the short strategy and in my personal opinion today we continue to maintain this view.  On the daily chart time frame, the nearest resistance to establish a short position according to me is around 1735-1740.  The safe target is the short term support around 1720-1725
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