Preferred direction: BUY
Comment: For gold, the target that we gave at the beginning of the week was also fixed. Metals continue to maintain a strong buy-priority. Today, a further slight drawdown is expected towards the level of 2140, after which there is a high probability of the formation of a balance with the lower limit at the level of 2140, and the upper limit at 2200.
Scenario №1 is the main one at the moment, scenario №2 assumes a deeper downward correction. In both cases, the target is located near the level of 2200.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: For gold, the target that we gave at the beginning of the week was also fixed. Metals continue to maintain a strong buy-priority. Today, a further slight drawdown is expected towards the level of 2140, after which there is a high probability of the formation of a balance with the lower limit at the level of 2140, and the upper limit at 2200.
Scenario №1 is the main one at the moment, scenario №2 assumes a deeper downward correction. In both cases, the target is located near the level of 2200.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
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