‼️ At the end of yesterday session, precious metal had a 2-way downward trend when it fell from 1738 to 1724, but immediately rebounded to 1745 and then decreased again to 1721. With the up and down momentum Recently, the precious metal Gold has not escaped from the accumulation zone 1745-1725. So in my personal opinion we will continue to trade Gold within this cumulative margin.
- Looking at H4 time frame, we can see selling pressure on this precious metal for many days, although the downside pressure of H4 candles appears, but the price still stands above 1725 and above MA20. D1 daily chart timeframe for the past several days. Because of this, the price zone of 1725 becomes a strong support zone, where in my opinion we can establish a buy position with the precious metal Gold. Let us keep trading within the cumulative range of Gold at 1738-1740 in the beginning of today's session.
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