XAUUSD-07/03/2023
Preferred direction: BUY
Comment: Since writing the last metal idea (on Friday), buyers have been able to overcome the 1912 level, as we expected, and as we needed to fulfill the buy condition. Now, one of the best setups is located at the level of 1920, where one can place a pending buy order. The price area near this level will make nervous a large proportion of sellers, who will close their positions. Long potential is located at the level of 1938.915, that is very important in the medium term for buyers.
Thank you for like and share your views!
Comment: Since writing the last metal idea (on Friday), buyers have been able to overcome the 1912 level, as we expected, and as we needed to fulfill the buy condition. Now, one of the best setups is located at the level of 1920, where one can place a pending buy order. The price area near this level will make nervous a large proportion of sellers, who will close their positions. Long potential is located at the level of 1938.915, that is very important in the medium term for buyers.
Thank you for like and share your views!
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