📕 Comment on Gold on March 10, 2021:
‼ ️ At the end of yesterday's session, the world gold price had a rather strong day from 1679 to 1720 ($ 41) closing the daily candle with a candle covering the decline of the previous day at 1715. With By the end of the candle yesterday, in my opinion the bull rally of Gold after several days of decline will be maintained in today's trading session.
- On the daily chart timeframe we clearly see that the gold precious metal is hitting the short-term resistance zone around 1721 and is gathering strength here. In my opinion, this resistance is not very reliable for us to establish a sell position but only wait for this precious metal to decline to a good point to buy up.
- Considering on the smaller timeframe H4, we can see that the downward force after hitting the resistance zone 1721 is not too strong, so the precious metal Gold can rise without any significant recovery when rising strongly. yesterday. Intraday support we could enter a buy position around 1705-1709 and our target is the next resistance around 1738.
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