Preferred direction: BUY
Comment: The situation for gold is less clear, unlike the main currency pairs, but everything still looks more towards the bulls. Today we highlight two long scenarios. Scenario №1 is a shorter-term option, which assumes a preliminary false downward movement, after which it returns again above the level of 2030.874. Here the stop loss you need to use will be small, no more than 400 points. Scenario №2 is more medium-term, assuming a re-test of the 2000 level. The growth target in both cases is the area around the 2060 level.
Thank you for like and share your views!
Comment: The situation for gold is less clear, unlike the main currency pairs, but everything still looks more towards the bulls. Today we highlight two long scenarios. Scenario №1 is a shorter-term option, which assumes a preliminary false downward movement, after which it returns again above the level of 2030.874. Here the stop loss you need to use will be small, no more than 400 points. Scenario №2 is more medium-term, assuming a re-test of the 2000 level. The growth target in both cases is the area around the 2060 level.
Thank you for like and share your views!
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