- In yesterday's session, after precious metal #Gold bounced to 1829, it fell to 1807, closing the day's session with a bearish candle with a rather long beard. Gold has once more failed to break through the strong resistance zone 1830-1834 and in my opinion, the possibility of Gold moving sideways in a large range from 1798-1830. We can align the transaction within this margin.
- In the early hours of this morning, it is likely that Gold will continue to decline to around 1800 and then go up, we can buy when the price returns around this price range with a safe target around 1815, period Expect to be the upper band of the sideways at 1830.
Before enter into the SGX Stock market it is necessary to get the further stock update, news & Stock Signals and recommendations for direct investment.
Thursday, 6 January 2022
📕 Gold comment on January 6, 2022:
Wednesday, 5 January 2022
📕 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.
Tuesday, 4 January 2022
📕 Comment on Gold on 04/01/2022:
-In yesterday's session, precious metal #Gold dropped sharply from 1831 to 1798, closing the day with strong bearish candle around 1801. Although it closed with a strong force, however, Gold is facing a challenge. back to the support zone around 1800-1804. So in my personal opinion at the beginning of today's trading session, it is likely that Gold will have an uptrend here.
- Moving to the h4 time frame we can buy short term at the current price with the target around 1810. Here it is likely that Gold will have downward pressure again so we will wait for the price reaction here to wait for the next signal.
Monday, 3 January 2022
📕 Comment on Gold on 03/01/2022:
- Closing last week's trading precious metal Gold had another gaining week when the price increased from 1789 to 1829 (40pip). With the end of the last 3 candles of the week showing an uptrend, in my opinion, the uptrend will continue in the next trading week.
- On the daily chart time frame, we can see that Gold is currently touching the old resistance area around 1830-1834, a correction is likely here. You may consider short selling at this price area. The closest support area for precious metal Gold is around 1815-1818. It is likely that after this correction, Gold will continue to rise again. If the resistance area is broken 1830-1834, then 184x will be the price zone where this precious metal is headed.


