Friday, 27 May 2022

Comment on Gold on May 27, 2022:



 📕 Comment on Gold on May 27, 2022:


 - After testing the price zone "1841" once again, precious metal Gold rebounded, closing yesterday's session around 1850. Looking at the daily candles of the last 2 trading sessions, we have  It can be seen that Gold always shows a good buying force when touching the support price area of ​​1841, represented by 2 candles that have dropped but retreated a lot.  Therefore, my personal opinion has not changed from yesterday, which is to continue to prioritize buying with this precious metal.

 - On the H4 chart, Gold is currently facing a "slight resistance" around 1855. If ace bought in at a low price, it can liquidate part of the order and continue to consider buying when Gold drops slightly.  The safe profit taking target for this rally is.  below the threshold of 1867.

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