Strifor || GOLD-Week Starting
Preferred direction: BUY
Comment: Gold has not yet recorded a new high against the backdrop of aggravation in the Middle East, and here we adhere to our previous trading idea of going short with a target at the level of 2300. It is at this level that we expect the downward correction to stop and the upward movement to resume towards the current high.
The most likely scenario №1 says about a preliminary fall before an increase to 2400, a level that is just below the fresh high. Scenario №2 assumes a deeper fall to the level of 2250 and a subsequent recovery of the same instrument to the indicated target of 2400.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Gold has not yet recorded a new high against the backdrop of aggravation in the Middle East, and here we adhere to our previous trading idea of going short with a target at the level of 2300. It is at this level that we expect the downward correction to stop and the upward movement to resume towards the current high.
The most likely scenario №1 says about a preliminary fall before an increase to 2400, a level that is just below the fresh high. Scenario №2 assumes a deeper fall to the level of 2250 and a subsequent recovery of the same instrument to the indicated target of 2400.
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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