Preferred direction: SELL
Comment: Sellers prevailed in gold and such domination is expected in the short term. There is a high probability that we will still go below 1965.
We highlight two scenarios for ourselves, both with sell priority. The first option, which is also the most likely now for this instrument, is a fall from the current ones to the level of 1965 in order to retest this minimum, which will most likely be broken and we will see a new local minimum.
According to the second scenario, shorts should be looked for near the level of 1981.683, that is, after a slight upward rollback. But now this is quite a difficult task. However, these two areas to consider selling are not that far away, so a progressive entry with a common stop loss above the 1987 level can be considered.
Thank you for like and share your views!
Comment: Sellers prevailed in gold and such domination is expected in the short term. There is a high probability that we will still go below 1965.
We highlight two scenarios for ourselves, both with sell priority. The first option, which is also the most likely now for this instrument, is a fall from the current ones to the level of 1965 in order to retest this minimum, which will most likely be broken and we will see a new local minimum.
According to the second scenario, shorts should be looked for near the level of 1981.683, that is, after a slight upward rollback. But now this is quite a difficult task. However, these two areas to consider selling are not that far away, so a progressive entry with a common stop loss above the 1987 level can be considered.
Thank you for like and share your views!
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