Preferred direction: SELL
Comment: Gold behaves quite surprisingly. After rather optimistic statistics from the US this week, the metal sank under pressure from the US dollar, while other instruments reacted much more modestly. Our first goal is almost achieved. However, a fall below 1980 is being considered, namely to 1960. The growth potential of the US dollar has not even begun to exhaust itself, so we can expect a considerable fall in gold.
Today is one of our busiest days, with many important statistics expected, especially from the USA. Therefore, increased volatility today is completely normal.
Thank you for like and share your views!
Comment: Gold behaves quite surprisingly. After rather optimistic statistics from the US this week, the metal sank under pressure from the US dollar, while other instruments reacted much more modestly. Our first goal is almost achieved. However, a fall below 1980 is being considered, namely to 1960. The growth potential of the US dollar has not even begun to exhaust itself, so we can expect a considerable fall in gold.
Today is one of our busiest days, with many important statistics expected, especially from the USA. Therefore, increased volatility today is completely normal.
Thank you for like and share your views!
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