As the analysis of yesterday, precious metal Gold bounced up quite well from 1766 to 1788 ($22), closing yesterday's session with a bullish candle around 1782. With good momentum. Yesterday's good performance and with many hits to the 1785-1788 resistance area, in my opinion, Gold today will break out of the upper resistance zone to continue going up.
- On the H4 time frame, the nearest support zone of precious metal Gold is around 1775 and if precious metal Gold corrects here, we might consider buying with a safe target around 1785- 1790.
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