Preferred direction: SELL
Comment: At the beginning of this week for gold, we have been buying according to scenario 1. However, we need to be prepared to activate scenario 2. Before Christmas, there is a possibility that competitors of the US dollar will strengthen their positions, and metals will also most likely show themselves here. A slight strengthening is expected, after which, as was said in previous trading ideas, gold will most likely continue to correct downwards towards the 2000 level and even lower towards the 1949 level.
Thank you for like and share your views!
Comment: At the beginning of this week for gold, we have been buying according to scenario 1. However, we need to be prepared to activate scenario 2. Before Christmas, there is a possibility that competitors of the US dollar will strengthen their positions, and metals will also most likely show themselves here. A slight strengthening is expected, after which, as was said in previous trading ideas, gold will most likely continue to correct downwards towards the 2000 level and even lower towards the 1949 level.
Thank you for like and share your views!
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