comex trading signals
‼ ️ At the end of yesterday session, Gold price went as the scenario analyzed when the price decreased from 1815 to 1795 then from 1795 to go up. Closing yesterday's candle with a bearish candlestick at 1805. Closing yesterday's candle with a bearish candle after the last 2 days has shown that upside momentum has slowed down and in my opinion I expect Gold will continue to suffer downward pressure in the early session today.
- On the daily chart of D1, we can see a clear decrease in pressure after the price approached MA20 yesterday. There were many candles going up around this zone but then fell back, which formed a resistance zone that pushed down the price of Gold during the day around the MA20 on the daily timeframe.
- In the H4 time frame we can see that the price range from 1812-1815 continues to play a role in pushing down the gold price in today's session. Here in my opinion it is entirely possible to establish a sell position. Our safe target is still sell down around 1795 and expect 1788 in today's trading session.
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