Comment on Gold on 12/05/2021:
‼ ️In the session yesterday, the gold precious metal had a quite strong decline as analyzed when it decreased from 1841 to 1817 ($ 24) but this decrease was not maintained until the end of the session but rose to 1838 immediately. then, closing the daily candle remains with a bullish candle. In my opinion, with Gold not falling further and rebounding up like yesterday, it is likely that Gold will continue to move sideways in the range 1829-1840 in today's trading session waiting for the trend to break. break next.
- Moving to the shorter-term timeframe H4, we can see that the MA20 on this time frame still plays a supporting role for the precious metal Gold. So we could enter a buy position here with a safe target at 1840. Here we wait for the signal to consider reselling
Update GOLD:
- On the H1 timeframe, the uptrend is slowing down and correcting so in my opinion if the price of Gold falls back to the 1826 price range again, we will not buy back and wait to sell down around 1834.
SELL XAUUSD GOLD CURRENT PRICE 1831 AND SELL LIMIT AT 1834
SL: 1848
TP: 18XX-18XX-18XX
- (The current price is 1831).
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