Gold Spot / U.S. Dollar
Long

Strifor || XAUUSD-10/23/2023

427
Preferred direction: BUY
Comment: As expected, the metal rolled back from the level of 1981.683, a little, but true. This is exactly what we assumed in the extreme trading idea for gold. At the moment, the cutting of the indicated level continues, which will most likely end with the next update of the maximum. The chart shows two scenarios for long. It is 1 that is most considered, but the second scenario can also work if the bank player decides to expand the accumulation range.

Thank you for like and share your views!

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.