Strifor || GOLD-Week Starting
Preferred direction: Neutral
Comment: Metals, for the most part, continue to stagnate, making entry difficult and leading to better times. The most likely scenario today is a modest increase to 2343.869, where the instrument will most likely continue to be on the balance, since buyers do not yet have the strength to grow (scenario №1). An alternative scenario still assumes the fall that we talked about last week. To do this, sellers need to update the local level just below the 2280 level (scenario №2). In this case, we can expect a drop to 2200 and 2150.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Metals, for the most part, continue to stagnate, making entry difficult and leading to better times. The most likely scenario today is a modest increase to 2343.869, where the instrument will most likely continue to be on the balance, since buyers do not yet have the strength to grow (scenario №1). An alternative scenario still assumes the fall that we talked about last week. To do this, sellers need to update the local level just below the 2280 level (scenario №2). In this case, we can expect a drop to 2200 and 2150.
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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