📕 Comment on Gold on May 30, 2022:
- Last trading week, precious metal Gold did not have much change when it increased sharply to 1867 in the first session of the week and then corrected down in the following days. Closing the weekly candle with a bullish candle and the downward correction was not too much so my personal opinion is still to prioritize the bullish option of Gold at the beginning of this week's trading session.
- On the shorter-term timeframe H4 we can see a relatively good support area for Gold around 1845-1848. This is also the area where the Gold price reacts to bounce back when it drops here. Investors can refer to Buy when the price drops around the upper support level with a small safe target below 1867.
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