Preferred direction: SELL
Comment: For Gold, we also consider two scenarios simultaneously. Since, against the backdrop of the publication of inflation data, it is quite logical to expect increased volatility, and false movements are not excluded. Our main direction is to sell and consider a fall to the 2000 level, with the potential for further declines.
You can consider adding a short position at the level of 2060. Stop loss is placed beyond the level of 2090. The final fall can be expected down to the level of 1960 and 1950.
Thank you for like and share your views!
Comment: For Gold, we also consider two scenarios simultaneously. Since, against the backdrop of the publication of inflation data, it is quite logical to expect increased volatility, and false movements are not excluded. Our main direction is to sell and consider a fall to the 2000 level, with the potential for further declines.
You can consider adding a short position at the level of 2060. Stop loss is placed beyond the level of 2090. The final fall can be expected down to the level of 1960 and 1950.
Thank you for like and share your views!
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