๐GOLD-11/08/2022-growth support๐
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Date: 11/08/2022
โก๏ธTrading instrument: XAUUSD (GOLD)
๐Priority direction: BUY
๐ฌComment: There is support for the current growth in metals, open sales at today's levels do not carry the likelihood of a downward reversal. Technically, it is assumed that the lowest level that the price can touch now is $1660. Upside potential is located at the $1691 resistance, a fairly conservative target, as buyers are likely to drive the price up to $1727 from there. The second target is best considered after reaching the first and after partial profit taking.
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๐Thanks for your comments and likes๐
๐๐ฅLINKS TO PREVIOUS IDEAS AND FORECASTS๐ฅ๐
โก๏ธTrading instrument: XAUUSD (GOLD)
๐Priority direction: BUY
๐ฌComment: There is support for the current growth in metals, open sales at today's levels do not carry the likelihood of a downward reversal. Technically, it is assumed that the lowest level that the price can touch now is $1660. Upside potential is located at the $1691 resistance, a fairly conservative target, as buyers are likely to drive the price up to $1727 from there. The second target is best considered after reaching the first and after partial profit taking.
โโโโโโโ
๐Thanks for your comments and likes๐
๐๐ฅLINKS TO PREVIOUS IDEAS AND FORECASTS๐ฅ๐
ืืขืจื:
Trade closedโ
