Strifor || GOLD-Week Starting
Updated
Preferred direction: SELL
Comment: Metals continue to maintain a strong buy-priority, at least in the short term. A huge number of market players are trying to catch the highs and find the most profitable short entry point. However, the limit buyer continues to actively buy up all sales, thus no drop, especially any strong drop, is expected.
For the coming week, we highlight two scenarios. The direction of trade will be in favor of sellers, but only after preliminary growth. In this case, the short entry points will be the most conservative, and at the moment this is the most important thing in the metals market.
In the longer term, we can most likely expect the formation of a balance in the range of 2140 - 2200.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Metals continue to maintain a strong buy-priority, at least in the short term. A huge number of market players are trying to catch the highs and find the most profitable short entry point. However, the limit buyer continues to actively buy up all sales, thus no drop, especially any strong drop, is expected.
For the coming week, we highlight two scenarios. The direction of trade will be in favor of sellers, but only after preliminary growth. In this case, the short entry points will be the most conservative, and at the moment this is the most important thing in the metals market.
In the longer term, we can most likely expect the formation of a balance in the range of 2140 - 2200.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Bullish mood is strong. Wait for short-term growth.Trade closed: target reached
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