closed with a doji candle. This shows an indecision between buying and selling forces. Maybe it's a signal of an upcoming reversal on the weekly chart time frame.
- Moving to the daily chart time frame, we can see that in the last trading sessions of last week, when the price moved back to the old high of 1795, the price could not pass even though the USD had a strong downward force. . So in my opinion this price zone will be the resistance where we can establish a sell down position on Gold this week when the bulls come here.
- Considering on a shorter time frame of H4, we can establish a buy position at the neckline area from the candle of April 16, 2021 to the present to expect this precious metal to form a reversal pattern on the timeframe time H4. The safe target for this buying span is around 1785-1790. Here we liquidate the order and watch for the sell signal.
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