- In the early trading sessions of last week, precious metal Gold had bounces up to the price area of 1834, however, in the last trading session of the week, the selling pressure dropped to 1809 and closed the week's session with a tree. The green candle rallied but the increasing force was not strong, so in my opinion, the selling pressure from the end of last week will still affect the precious metal. Gold early this week.
In terms of a shorter time frame than H4, currently Gold is having upward forces and I expect this precious metal can recover to around 1820-1825 if it can reach this price range, then this is the price range. ideal for us to establish a short position in precious metal Gold with a target of 1804-1807.
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