In yesterday's trading session, the precious metal Gold officially broke the sideways price zone nearly 1 week before. Precious metal Gold bounced sharply from 1757 to 1796 ($39), closing the session with a strong bullish candle around 1792. With the precious metal Gold's strong breakout, I think Gold is likely will continue to be boosted uptrend in the beginning of today's session.
- On the H4 time frame, we can see that the precious metal is currently showing signs of a slight correction, this is a downward correction so we can establish a buy position and in my opinion it is likely to be around 1785. precious metals will bounce back with target 1796-1805. We can wait for the price to correct slightly to buy up because with a strong increase like yesterday, it is a bit difficult to make a deep correction.
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