Thursday 9 December 2021

Comment on Gold on December 9, 2021

 In yesterday's session after precious metal Gold rose to 1793, the price corrected down to 1779 and rose again to 1786. Closing the day session with a slight bearish candle.  However, this downward force was not too strong, closing the daily candle was still at a high level compared to the previous days.


Moving to the H4 time frame, we can see that Gold is currently supported by MA20 around 1782 and in my personal opinion, this uptrend will be maintained in today's session.  The safe profit-taking target will be the 1794-1800 price range.

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