Friday, August 6, 2021

Comment on Gold on August 6, 2021

 Ending yesterday's session, precious metal Gold had 1 day of decline from 1814 to 1797, closing the day session with a bearish candle around 1804. Although yesterday precious metal Gold was  there are deeper declines every day but the drop is not too strong and the support zone 1793-1797 has not been broken so in my opinion to trigger a deep drop, the precious metal will have to overcome this price zone.  


 - My personal view on precious metal Gold today is to wait for this precious metal to have another drop to the 1793-1797 price range, then wait for a recovery signal to buy up.  If the precious metal Gold breaks through 1793-1797, then 1781 will be the next support area of ​​the precious metal Gold today.

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