📕 Comment on Gold on July 2, 2021:
- In yesterday's session, precious metal Gold returned to the sideways range of the past 1 week when it moved mainly in the range of 1770-1782, closing the day session at around 1776 with a green candle. increase point. As you can see, it ends with a bullish candle, but the momentum of this precious metal is not too strong and the price zone around 1780-1785 is the price zone many times Gold has failed to break since 21/21. 6/2021 to present. So in my personal opinion selling pressure will still be maintained around this price level of 1780-1785.
- In addition, the selling pressure on the major weekly (W1) and monthly (MN) time frames is still quite strong, the upper resistance area is also MA20 on the weekly chart, so we have more reasons to establish this position. short position with a safe target around 1765-1760.
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