Ending the last trading week precious metal Gold closed the week with a fairly strong bearish candle around the price level of 1787. Although it has entered the strong support zone, Gold shows a very weak recovery so the possibility in At the beginning of this week's session, Gold only recovered slightly, then it might drop again.
On the H4 chart, this morning Gold had a sweep back to 1776 then bounced up to 1791, this is also the area where the Gold price is accumulating in the last 3 sessions and I expect it in the beginning of the day. Today Gold may recover a little stronger to around 1800-1803. It is possible that here the downward pressure will appear and decrease again, then I will have the next update.
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