Strifor || GOLD-03/01/2024
Preferred direction: SELL
Comment: Metals are also considered from a sales point of view, however, it should be noted that here the instrument is more resistant to falling against the dollar. However, most likely, there will be a decline in the medium term. A more likely scenario involves sales at current prices with a target at the level of 2040. A less likely scenario (scenario 2) involves a fall after updating the local maximum, that is, an increase towards the level of 2100. The target for the fall is also at the level of 2040.
It is still difficult to make longer-term assumptions, and it is better to wait for a possible downward correction and then look at the picture more broadly.
Thank you for like and share your views!
Comment: Metals are also considered from a sales point of view, however, it should be noted that here the instrument is more resistant to falling against the dollar. However, most likely, there will be a decline in the medium term. A more likely scenario involves sales at current prices with a target at the level of 2040. A less likely scenario (scenario 2) involves a fall after updating the local maximum, that is, an increase towards the level of 2100. The target for the fall is also at the level of 2040.
It is still difficult to make longer-term assumptions, and it is better to wait for a possible downward correction and then look at the picture more broadly.
Thank you for like and share your views!
Trade closed: target reached
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