Comment on Gold on April 7, 2022:

 


📕 Comment on Gold on April 7, 2022:


 - In yesterday's trading session, precious metal Gold fell from 1933 to 1915. Yesterday's closing session was around 1924. With Gold not having too many fluctuations in yesterday's session, our opinion  My personal preference remains the same as in recent days it is preferable to sell if Gold is in the 1930-1940 zone.

 - On the D1 chart we can see that although yesterday closed with a bullish candle, in fact this candle did not show an increase, but instead, the increasing force seems to be weaker compared to the previous days.  The proof is that last night the highest price Gold recovered was around the threshold of 1932. So in today's session, I think it is possible to sell down with Gold around 1926-1930 with a safe target of 1915-1920.  and my expectation Gold will go even deeper.

Location: United Arab Emirates

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