Preferred direction: BUY
Comment: In the coming week, gold is expected to approach the level of 2150, to which all attention was focused a little earlier, and as a result, it was from this support that we recorded another maximum for the metal. However, despite the expected weakening of the US dollar, the metal will, at best, trade near its highs.
We highlight two main scenarios for this week, both aimed in favor of the buyer. As a target, we consider the level of 2200, and a more likely scenario for this growth is shown in the chart called "scenario №1".
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: In the coming week, gold is expected to approach the level of 2150, to which all attention was focused a little earlier, and as a result, it was from this support that we recorded another maximum for the metal. However, despite the expected weakening of the US dollar, the metal will, at best, trade near its highs.
We highlight two main scenarios for this week, both aimed in favor of the buyer. As a target, we consider the level of 2200, and a more likely scenario for this growth is shown in the chart called "scenario №1".
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
Trade active
⚡️New ideas for AUDUSD, NZDUSD and SILVER⚡️
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⚡️New ideas for USDCAD, USDCHF and USDJPY⚡️
Trade closed: target reached
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.