- In yesterday's trading session, precious metal Gold continued to decline strongly from 1821 to 1791 ($30) and closed the day session with a bearish candle around 1797. However, gold's downward force is not possible. debatable but in my personal opinion this decrease is likely to slow down today.
- Moving to the h4 time frame, we can see that Gold is in a recovering trend and I expect Gold to recover to around 1805 then it is likely to drop again. So in the early trading session of this morning, we can surf above this price range and wait for the price reaction around 1805. One more thing, the 1785-1790 price zone is a relatively strong support zone in my opinion. Gold will need more time if it wants to break, so investors can buy up today if Gold returns to this price range.
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