Strifor || GOLD-Week Starting
Updated
Preferred direction: BUY
Comment: Metals continue to be in the top news amid a new all-time high for gold. This metal remains a strong buy-priority at the beginning of this week, and a new high is expected before the long-awaited correction. It should be noted that in the longer term, one can continue to accumulate a short position, following all the rules of risk and money management.
Regarding the shorter term and especially the coming week, we will most likely see another strengthening of gold towards the level of 2400. At the same time, towards the end of the week, after the publication of key data, we can expect the start of a correction. We have targets for the fall at the level of 2280, but the level may change during the week.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Metals continue to be in the top news amid a new all-time high for gold. This metal remains a strong buy-priority at the beginning of this week, and a new high is expected before the long-awaited correction. It should be noted that in the longer term, one can continue to accumulate a short position, following all the rules of risk and money management.
Regarding the shorter term and especially the coming week, we will most likely see another strengthening of gold towards the level of 2400. At the same time, towards the end of the week, after the publication of key data, we can expect the start of a correction. We have targets for the fall at the level of 2280, but the level may change during the week.
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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