As per last week's market trend, our opinion saying that we should BUY, later on, it will go to breach the level. Our Gold tips will help you properly in this.
Switching to the H4 time frame we can see that this precious metal has a support area around 1865 as well as MA20. So in today's session we can establish a buy position around this price range from 1865-1869. With the target will be the nearest "old peak" around 1888. Then liquidate the order and wait for the next signals.
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However, the FBM Emas Shariah Index decreased 2.53 points to 12,927.87, the FBM ACE erased 48.53 points to 7,897.63 and the FBM 70 declined 29.15 points to 14,946.69.
At this price range as I said, at this price range we will not buy-in with Gold anymore, but just wait for the selling beats when Gold tends to get closer to the trendline channel stretching from August 2020 to the present. Here, in my opinion, Gold will have downward swings, so we can establish a pending sell state around 1855-1860.
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