Preferred direction: BUY
Comment: Despite the fact that metals are considered from the point of view of long-positions, growth here will, in any case, be more difficult than for the same major currency pairs. The market is currently oversaturated with buy-players, but there is no result, which indicates a possible limit seller. Here, more than anywhere else, you most likely need to wait for a slight update of the lows before growth. Therefore, for some time, we will most likely trade at the support of 1981.683. After which one can begin to look closely at growth, surely, do not forget about a potential update of the current lows, which for gold may happen with a high degree of probability.
Thank you for like and share your views!
Comment: Despite the fact that metals are considered from the point of view of long-positions, growth here will, in any case, be more difficult than for the same major currency pairs. The market is currently oversaturated with buy-players, but there is no result, which indicates a possible limit seller. Here, more than anywhere else, you most likely need to wait for a slight update of the lows before growth. Therefore, for some time, we will most likely trade at the support of 1981.683. After which one can begin to look closely at growth, surely, do not forget about a potential update of the current lows, which for gold may happen with a high degree of probability.
Thank you for like and share your views!
Trade chiuso: obiettivo raggiunto
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