Preferred direction: BUY
Comment: Previous long-trades in gold and silver have been completely fixed with profit, but short-trades are out of the question. At the moment, there is a strong limit buyer working for metals, and most likely the price is heading to a historical maximum at the level of 2140. This week is rich in the publication of economic data, so an approach to this target at the level of 2140 is not excluded at the moment.
We highlight two main scenarios with a common target at the level of 2140, after which we can try to enter a short-term sale.
Additional comments on this trade will be provided as situation changes. Follow us!
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