ðGOLD-11/08/2022-growth supportð
āļāļĩāđāļāļąāļāđāļāļ:
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Date: 11/08/2022
âĄïļTrading instrument: XAUUSD (GOLD)
ðPriority direction: BUY
ðŽComment: There is support for the current growth in metals, open sales at today's levels do not carry the likelihood of a downward reversal. Technically, it is assumed that the lowest level that the price can touch now is $1660. Upside potential is located at the $1691 resistance, a fairly conservative target, as buyers are likely to drive the price up to $1727 from there. The second target is best considered after reaching the first and after partial profit taking.
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ðThanks for your comments and likesð
ððĨLINKS TO PREVIOUS IDEAS AND FORECASTSðĨð
âĄïļTrading instrument: XAUUSD (GOLD)
ðPriority direction: BUY
ðŽComment: There is support for the current growth in metals, open sales at today's levels do not carry the likelihood of a downward reversal. Technically, it is assumed that the lowest level that the price can touch now is $1660. Upside potential is located at the $1691 resistance, a fairly conservative target, as buyers are likely to drive the price up to $1727 from there. The second target is best considered after reaching the first and after partial profit taking.
âââââââ
ðThanks for your comments and likesð
ððĨLINKS TO PREVIOUS IDEAS AND FORECASTSðĨð
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Trade closedâ
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