Wednesday, 5 January 2022

๐Ÿ“• Comment on Gold on 05/01/2022:

- Ending yesterday's trading session, precious metal Gold had a day of increase from 1797 to 1816, closing the day session with a bullish candle around 1814 after not very positive news for USD.  Although closing with a bullish candle, this upward force in my opinion is only a recovery because the decreasing force of the previous candle is dominating.
- Moving to the H4 time frame, we can see that Gold is currently slowing down around 1815, I think it's likely that in the beginning of today's session, this precious metal may correct down to around 1805-1803 after that.  only have the ability to bounce back up.  Here I will have the next update.

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