In the last trading week after falling to 1752 precious metals Gold bounced sharply to 1813, closing the weekly candle with a bullish candle around 1798. With Gold retracing shortly after touching again. resistance zone 1813 to 1795, in my opinion, in the beginning of today's trading session, Gold will continue to correct after the hot rally of 61$ at the end of last week.
- Switching to the shorter time frame H4 the nearest resistance area for this precious metal is around 1805, where we can refer to a short signal with a safe target around 1790 and hope. further is around 1783. Here we are looking at signals to start long again with this precious metal.
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