✍️ Further analysis of precious metals in the afternoon of April 16, 2021:
- As in the early morning analysis report I mentioned the possibility of continued momentum of this precious metal. Although the price area is waiting to buy as reported at 1750-1755, but unfortunately, the price has only recovered slightly to 1759. So my personal opinion on this metal still holds but the news is bright.
- This uptrend is likely to move Gold to the 1778-1782 price zone, which is a fairly strong resistance zone on the weekly timeframe (W1) in my opinion here we can establish a state. sold down with this precious metal.
- One more thing that is now closing the weekly candle, it is easy to have profit-taking phases of investors. Gold precious metal has increased from yesterday to nearly 400pip, so if there is a decrease of 100-200pip is normal and can easily appear in this weekend session.
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