Preferred direction: SELL
Comment: The trading idea for gold, which was given at the beginning of the week, is still relevant in the middle of the week, when the market is looking forward to the publication of US inflation data. For gold, we are considering a medium-term outlook, which is highly likely to work out in favor of the seller. The most likely scenario №1 involves an entry near the level of 2380. However, it should be noted that taking a short position from current levels is also relevant, but only within the framework of a conservative entry.
The target for a fall is at level 2280. There is potential for a fall even lower.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The trading idea for gold, which was given at the beginning of the week, is still relevant in the middle of the week, when the market is looking forward to the publication of US inflation data. For gold, we are considering a medium-term outlook, which is highly likely to work out in favor of the seller. The most likely scenario №1 involves an entry near the level of 2380. However, it should be noted that taking a short position from current levels is also relevant, but only within the framework of a conservative entry.
The target for a fall is at level 2280. There is potential for a fall even lower.
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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