Overview On Gold Analysis

In the last trading hours of the last week, precious metal Gold had spikes to 1813 but immediately fell back to 1782. Closing last week's session with a bullish candle around  level 1792. With the happenings at the end of last week, in my opinion, Gold is still under selling pressure when it reaches the psychological resistance level of 1800-1805.  Therefore, at the beginning of this week's session, we will wait for selling Gold to be the preferred option


Switching to the H4 time frame, we can see that Gold has shown signs of a slight upturn after a rapid decline to 1782 and the possibility that Gold may recover to around 1800, where we establish a sell position.  with precious metal Gold with a safe target around 1786.

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