End of the session yesterday, gold precious metal went as expected when it declined from 1749 to 1732 ($ 17) closed the daily candle around 1734. Downforce almost occupied the previous uptrend.
Bursa Malaysia was higher this morning, in line with regional peers, lifted by better market sentiment as fears over United States high inflation subsided, dealers said.
Looking for a daily gold market update before entering into the gold market, check out today's gold analysis.
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.