- In yesterday's trading session, precious metal Gold ran in two directions with a large margin, right after falling to 1805 Gold immediately went up to 1820 then dropped again and fluctuated around 1812-1815. . Closing the day session with a bearish candle, the support area of 1812-1815 is still holding so in my personal opinion in today's session we continue to prioritize the buy-in.
- On the H4 time frame we can see that Gold is still being supported by the 1812-1815 price zone. We can establish a short buy position here to around 1819. If Gold can break out of the price zone. Only then will Gold be able to gain strong momentum and "old peak" 1828-1830.
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