⚡️Strifor || GOLD-15/01/2024
Updated
Preferred direction: SELL
Comment: The escalation of the situation in the Middle East last week also affected gold prices, but the current prospects for a fall are still relevant for the metal, according to technical analysis. Volumes here also allow for a fall, and there is a resource for the fall in the form of accumulated purchases.
In addition to the fact that we are currently working on scenario №2, we also highlight plan B, which is related precisely to escalation in the geopolitical arena. It is quite possible that there will be an attempt to attract buyers even more or to eliminate extra sellers before the fall. The target for the fall is considered to be at the level of 2000, but levels of 1980, 1960 and even 1940 are also considered.
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Comment: The escalation of the situation in the Middle East last week also affected gold prices, but the current prospects for a fall are still relevant for the metal, according to technical analysis. Volumes here also allow for a fall, and there is a resource for the fall in the form of accumulated purchases.
In addition to the fact that we are currently working on scenario №2, we also highlight plan B, which is related precisely to escalation in the geopolitical arena. It is quite possible that there will be an attempt to attract buyers even more or to eliminate extra sellers before the fall. The target for the fall is considered to be at the level of 2000, but levels of 1980, 1960 and even 1940 are also considered.
Thank you for like and share your views!
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✅The trade was moved to breakeven + partial profit taking✅Trade closed: target reached
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