Preferred direction: SELL
Comment: A difficult situation has developed for gold. Here, in view of technical factors, two scenarios are considered, both buy and sell. The most likely scenario №1 still assumes a fall towards the levels of 2200 and 2150. Scenario № 2 is less likely, but it may turn out that first this particular maneuver will happen on the market, and only then will the price start to fall towards the level of 2200. In both cases, entry points are carried out through pending orders, which are presented on the chart.
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Comment: A difficult situation has developed for gold. Here, in view of technical factors, two scenarios are considered, both buy and sell. The most likely scenario №1 still assumes a fall towards the levels of 2200 and 2150. Scenario № 2 is less likely, but it may turn out that first this particular maneuver will happen on the market, and only then will the price start to fall towards the level of 2200. In both cases, entry points are carried out through pending orders, which are presented on the chart.
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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