Analysis on Gold on April 20, 2022

 📕 Comment on Gold on April 20, 2022:


 - In yesterday's trading session, precious metal Gold had one day of decline from 1981 to 1943 ($38), closing the day session with a strong bearish candle around 1949. Gold has returned.  back to the upper boundary of the previous sideways range.  With Gold approaching this support zone, I think it's likely that Gold will have a rebound in the early trading session today.

 - On the H4 chart, Gold may recover to around the threshold of 1950-1951 and is expected to rise around the threshold of 1962-1965.  Here, there is a high possibility that Gold will face selling pressure and drop again.




No comments:

Post a Comment

Dollar heads for biggest monthly loss since 2010 ahead of Powell speech

  The dollar eased from a one-week high on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell, while optimism over a possibl...