Tuesday, 8 February 2022

đź“•Analysis on Gold on February 8, 2022:

- Closing yesterday's session precious metal Gold ran exactly as analyzed when it rose from 1806 to 1823 ($ 17) closing the day session with a bullish candle around 1820 and the possibility of following me Gold will continue to be boosted up momentum in today's session.

- Moving to the H4 time frame, we can see that Gold is currently showing some signs of slowing down at the 1823 price area and I expect Gold can correct down slightly before bouncing up to a higher price zone. At the beginning of today's session, I expect Gold to correct around the 1813-1816 price zone, which is also the closest support zone to the precious metal Gold. The safe target would be 1825-1830.

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