Preferred direction: SELL
Comment: Gold is currently more in sync with the major currency pairs and is also poised to strengthen in the short term. Here we completely switched to scenario 2, refusing to sell at current prices. Therefore, we are waiting for a small update of the maximum at the level of 2045, after which we are actively looking for an entry point into shorts. We set our medium-term short targets at the 2000 level.
Thank you for like and share your views!
Comment: Gold is currently more in sync with the major currency pairs and is also poised to strengthen in the short term. Here we completely switched to scenario 2, refusing to sell at current prices. Therefore, we are waiting for a small update of the maximum at the level of 2045, after which we are actively looking for an entry point into shorts. We set our medium-term short targets at the 2000 level.
Thank you for like and share your views!
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