Preferred direction: SELL
Comment: Metals, as well as major currency pairs, are prone to fall against the US dollar. Silver has already blocked the nearest targets for the fall, and most likely you can count on a small downward impulse. The situation with gold is more complicated. Here, for now, the instrument is not in a hurry to fall so much after our short entry point from the level of 2060. More precisely, the main target at the level of 2000 has been hit, but a further fall is expected towards 1980.
However, we patiently continue to wait for the breakdown of support at the 2000 level, and then a descent to 1980.
Thank you for like and share your views!
Comment: Metals, as well as major currency pairs, are prone to fall against the US dollar. Silver has already blocked the nearest targets for the fall, and most likely you can count on a small downward impulse. The situation with gold is more complicated. Here, for now, the instrument is not in a hurry to fall so much after our short entry point from the level of 2060. More precisely, the main target at the level of 2000 has been hit, but a further fall is expected towards 1980.
However, we patiently continue to wait for the breakdown of support at the 2000 level, and then a descent to 1980.
Thank you for like and share your views!
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