Preferred direction: SELL
Comment: Sell priority is also relevant this week for gold, at least in the first half. At the moment, one can look for good sales near current levels with a target at the level of 2300, where, in turn, one can take a closer look at the long deal that we talked about at the end of the previous week.
On the chart, one can see two scenarios, but in essence, this is a single option for setting up for sale, and the scenarios differ only in the depth of the potential false upward movement. In general, one needs to carefully watch level 2343.869 and look for an entry point to sell around this area, especially after a false upward movement.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Sell priority is also relevant this week for gold, at least in the first half. At the moment, one can look for good sales near current levels with a target at the level of 2300, where, in turn, one can take a closer look at the long deal that we talked about at the end of the previous week.
On the chart, one can see two scenarios, but in essence, this is a single option for setting up for sale, and the scenarios differ only in the depth of the potential false upward movement. In general, one needs to carefully watch level 2343.869 and look for an entry point to sell around this area, especially after a false upward movement.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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