Strifor || XAUUSD-08/07/2023
Preferred direction: SELL
Comment: Recent buying ideas should be noted, as the setup formed at the beginning of the new week indicates the likely strength of the seller. The situation is somewhat reminiscent of the current situation for the Canadian, the idea for which was also published today (see ideas below). The formed balance to push right on the support of 1938.915 will most likely lead to a short-term collapse in metal prices. In addition, the model strengthens the false breakout of this balance. The targets in this case are located at the level of 1912.
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Comment: Recent buying ideas should be noted, as the setup formed at the beginning of the new week indicates the likely strength of the seller. The situation is somewhat reminiscent of the current situation for the Canadian, the idea for which was also published today (see ideas below). The formed balance to push right on the support of 1938.915 will most likely lead to a short-term collapse in metal prices. In addition, the model strengthens the false breakout of this balance. The targets in this case are located at the level of 1912.
Thank you for like and share your views!
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