Preferred direction: SELL
Comment: Gold continues to maintain its sell-priority. The market is very quiet this week, although a number of important economic data have been published and volatility could be expected against this background.
The first target for the fall is located at the level of 2000, and the second - at 1980. Before a potential fall, the price may try to rise towards the level of 2060, it is necessary to take into account this possible maneuver.
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Comment: Gold continues to maintain its sell-priority. The market is very quiet this week, although a number of important economic data have been published and volatility could be expected against this background.
The first target for the fall is located at the level of 2000, and the second - at 1980. Before a potential fall, the price may try to rise towards the level of 2060, it is necessary to take into account this possible maneuver.
Thank you for like and share your views!
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Bình luận:
At the moment, sell-priority remains, but it is best to consider entry points after the new year. The current market activity is too low to open a position, and it is also better to refrain from transactions before the New Year's holidays.
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