Strifor || GOLD-Mid-term view
Preferred direction: SELL
Comment: Metals still maintain a strong position in the market, but everything comes to an end, and a likely downward correction is just around the corner. In the short term, growth is expected in order to update the high, and in the mid-term, shorts are expected. Mainly, a short-term upward movement will be made with the aim of updating the maximum at the level of 2220.
The main scenario for medium-term sales involves just a slight update of the maximum at the level of 2220 (scenario №1). After this maneuver, we can expect a fall towards the level of 2150 and even towards 2100. Less likely, scenario №2 involves a fall in prices as much as possible from current prices. The goals in both scenarios are at the same level.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Metals still maintain a strong position in the market, but everything comes to an end, and a likely downward correction is just around the corner. In the short term, growth is expected in order to update the high, and in the mid-term, shorts are expected. Mainly, a short-term upward movement will be made with the aim of updating the maximum at the level of 2220.
The main scenario for medium-term sales involves just a slight update of the maximum at the level of 2220 (scenario №1). After this maneuver, we can expect a fall towards the level of 2150 and even towards 2100. Less likely, scenario №2 involves a fall in prices as much as possible from current prices. The goals in both scenarios are at the same level.
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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