Gold comment on June 9, 2021:
In yesterday's session, precious metal Gold had quite strong declines as analyzed when it dropped from 1903 to 1883 ($ 20) and closed the daily candle with a bearish candle around 1892. With 2 times failed to break the 1900 level and drop, in my opinion, precious metal Gold will continue to be under downward pressure in today's session.
- The price area where we can establish a sell-down position is around the threshold of 1895-1898. Here we can establish a short position with a safe target around 1885 and an expectation of 1875 in today's session.