⚡️Strifor || GOLD-06/02/2024
Updated
Preferred direction: Neutral
Comment: The previous short trading idea worked out completely, and the take profit was fixed. Today, metals behave more uncertainly than currencies. Nevertheless, we will consider two scenarios for the development of events in gold, which are still more directed in favor of the bulls. The more likely scenario №1 says that the metal will mainly move within the 2016-2040 range. Scenario №2 involves buying from the current level, as well as after a false breakout of the 2016 level. Here, one can consider not only the 2040 level as a target, but also try to take profit higher.
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Comment: The previous short trading idea worked out completely, and the take profit was fixed. Today, metals behave more uncertainly than currencies. Nevertheless, we will consider two scenarios for the development of events in gold, which are still more directed in favor of the bulls. The more likely scenario №1 says that the metal will mainly move within the 2016-2040 range. Scenario №2 involves buying from the current level, as well as after a false breakout of the 2016 level. Here, one can consider not only the 2040 level as a target, but also try to take profit higher.
Thank you for like and share your views!
Trade active
Trade closed: target reached
Note
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