At the end of yesterday's session, the world gold price fell quite strongly and correctly analyzed when it fell from 1798 to 1770 ($ 28) to close yesterday session with a bearish candle around 1778. With this precious metal continuously failing to break the 1798 price zone and going down again to hit the 1770 zone with the downward pressure still quite strong, so in my personal opinion it is likely that this precious metal will continue. continued to decline in today's session.
- Still on the timeframe of the daily chart, we see that the precious metal is in the sideways range of 1768-1798 and has not broken the lower zone around 1765-1770, so it is likely that around this price zone, the precious metal will recover slightly. in early trading today.
- Moving to a shorter time frame of H4, it is likely that the gold precious metal will recover to around 1783-1785. Here we consider setting a sell-down position on the precious metal Gold with a safety target of around 1770.
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