Comment on Gold on 04/11/2021:
- At the end of yesterday's trading session, precious metal Gold dropped quite strongly from 1786 to 1758 ($28) due to signs of the US job market having many positive signs. After touching that price area, Gold appeared buying force and rebounded to 1775, closing the day session with a bearish candle but the drop was not too strong, withdrawing right away from the support price area.
- On the H4 time frame we can clearly see that when the last 3 candles (including the current candle) are showing quite good buying power and in my personal opinion in today's session. Today Gold will recover to regain yesterday's downtrend, if there is a slight correction at the beginning of today's session to around 1767-1773, this is the price area where we can establish a buy position. into this precious metal with a target of 1786-1792.
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