End of session yesterday the world gold price went as expected when it increased from 1765 to 1797 ($ 32) to close the session yesterday at the price of 1792. The downward pressure appeared once again. when the precious metal Gold once again hit the old resistance zone of 1797. As I mentioned yesterday morning, around this price zone we will consider a sell-down strategy, not a buy-up strategy. is the signal of today.
- Although there is a downward pressure on the price when it hits the "old peak" zone of 1797, the downside force is not too strong, so we will consider shifting a positive SL with a sell order last night and if the price bounces up again, maybe. will fake a breakout over 1797 a bit around 1804 and then go down.
- My personal opinion today would be in favor of selling with gold precious metals with selling pressure on the weekly chart timeframe and ideally when yesterday price returned to the nice sell zone and target. of this bearish span is the 1780-1785 price zone.
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