After 6 days of trading sideways in the range of 1790-1818, in yesterday's session, precious metal Gold had a break out of this accumulation area. Closing yesterday's session with a bullish candle with quite strong force. With the strong increase in candle power and the break of the previous sideways range, the precious metal Gold, in my opinion, is likely to continue to gain momentum in today's session.
Switching to a shorter-term time frame than H4 we can see the precious metal Gold is facing a short-term resistance around 1828 so it is likely that here Gold will tend to correct slightly around 1820. and this is also a good price zone for us to establish a buy position with precious metal Gold with the target to be the next resistance around 1840-1848.
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