- After bouncing up to 1847 precious metals Gold fell to 1836, closing yesterday's session with a falling doji candle. The fact that Gold cannot break through 1847 and close with a bearish candle shows that it is likely that after a strong rally, Gold is trying to accumulate a slight correction to bounce back in the near future.
- In the beginning of today's session, I expect Gold to correct further and retest the 1830-1834 threshold, this is the area where the Gold price broke out on Wednesday. Here we can establish a long position in precious metal Gold with a safe target around 1843-1845.
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