Market News

Gold Market Update- Buying Trend


Update on Gold on 11/01/2022:

In yesterday's trading session, precious metal Gold went right as analyzed when it bounced up from 1789 to 1802, closing the day's session with a rising green candle around 1801. With gaining momentum back  In the last 2 trading days and the psychological resistance level of 1800, in my opinion at the beginning of today's session, we will continue to maintain our preference for buying with Gold.
- Moving to the H4 time frame, we can see that Gold is also gaining quite well and the nearest support zone pushes this precious metal up around 1796-1798.  If Gold can recover to this price zone then this is a good price to buy in with precious metal Gold with a safe target around 1805-1810.