Thursday 18 November 2021

📕 Comment on Gold on 11/18/2021

In yesterday's trading session, precious metal Gold bounced up according to the analysis from 1849 to 1868 ($ 19), after reaching this price zone, precious metal Gold has not shown any signs of correction, instead saw a good increase in strength, closed the session with a strong bullish candle around 1867 that concealed all the decreasing force of the previous candle next to it and in my opinion it is likely that in today's session the uptrend will still be maintained.




Moving to the H4 time frame we can see that the downward force is almost negligible and this high resistance area of ​​1870-1877 is unlikely to hold so in the beginning of today's session if the precious metal Gold has  If there is a slight correction, this is a good price area for us to buy with a safe target around 1877 and beyond 1882-1888.


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