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Gold Update- Establish The Buy Position Today With Safe Target

 

Comment on Gold on August 31, 2021:

- After surging to the price range of 1822 precious metals Gold fell slightly to 1807, closing the day session with a bearish candle around 1809. However, in my personal opinion, this drop is necessary for the precious metal Gold to bounce back.  This correction is a good price area for us to establish a buy position.


- Switching to the shorter-term timeframe H4 we can see the support of the precious metal Gold in today's session around 1802-1808.  Here, in my opinion, we can establish a buy position with the safe target around 1820 and the expectation of the "old peak" area of ??1830.