Thursday, 28 October 2021

Comment on Gold on October 28, 2021

  - Ending yesterday's session, precious metal Gold had 1 day of gain as analyzed when from 1783 to 1799, closing the day around the threshold of 1796. Although closing the session with a bullish candle, look at it.  Overall yesterday Gold ran in two directions and has not yet broken the psychological resistance around 1800.




 - Switching to the H4 time frame we can see that after many tests of 1784 the price bounced up quickly to the resistance around 1800. Currently, the above two price zones are still holding and showing no signs of breaking.  My personal opinion is that in the beginning of today's trading session we can trade within this range and wait for the signal to break for the next trend.

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