Comment on Gold on 12/04/2021:
Closing last week's trading session Gold precious metal had a week of increasing from 1721 to 1759 ($ 38) and closed the week at the price zone of 1743. With the close of the week with this bullish candle combined with The next 2 candles next week Gold created a pair of short-term bullish reversal candles. Therefore, in my opinion, the buy option will be given priority in the first sessions of this week.
- Judging from D1 time frame, we can see that in the last Friday night, although Gold price had strong decline sessions, however, at the end of the session, there was a buying force and ended the daily candle with a candle. Lower withdrawal, the closing price of the daily candlestick was still quite high at 1743.
- In the beginning of today's session, in my opinion, we will prioritize buying when the price is good and expect the GOLD to correct to around 1732-1738 in order to establish a buy position. The first target that precious metals need to conquer is around 1758-1760. If you pass this price zone, the price zone of 1775 will be the next destination for gold precious metal.