End of the session yesterday, gold precious metal had 1 day of increasing as expected from 1768 to 1783 ($ 15) closed the daily candle with a bullish candle again after 2 previous falling days
This morning, the Bank of Japan will announce its decision on the interest rate and 10-year treasury bond yield target. The Bank of Japan is expected to maintain its short-term interest rate target at minus 0.1% and long-term interest rate target at around 0%.
Bursa Malaysia fell back into the red today after a slightly higher opening amid market concerns over daily Covid-19 confirmed cases staying above the 2,000 level for the fifth consecutive day.
Case 2 if Gold declines and corrects to 1750-1755 in the beginning of today's session, we can establish a buy position around this level with the target of 1778-1782. After the gold precious metal touches this price zone, we should consider a sell signal here.