Illustration photo of Gold Price H4 Chart from economies.com
In the early Asian market, the gold price reported at around $1,820 per ounce. The gold price fell nearly 1% last Friday and fell for the second consecutive week.
Spot gold closed at $1828.30 per ounce last Friday, down $18.08 or 0.98%. Economies.com pointed out that the gold price face strong bearish pressure last Friday and fell below $1830 per ounce.
The Website pointed out that the gold price closed at $1830 per ounce last Friday, confirming that the gold price will continue its downward trend. The website also pointed out that if the gold price fell below $1830 per ounce, this opened the way for the gold price to fall to its first bearish level at $1800 per ounce.
FOLLOWME XAU/USD Overall Sentiment (As of 11:40 a.m., Jan 18, 2021),
Short - 48.07%
Long - 51.99%
Source: 24k99.com
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