Strifor || GOLD-Week Starting
Preferred direction: BUY
Comment: After a quiet week in the metals market, the coming week is likely to be very volatile. In addition to the technical accumulation in the triangle format, we have a lot of economic data and events that will happen this week.
The most likely scenario №1 will involve a breakout trade at the level of 2340. Scenario №2 assumes a preliminary fall to 2300, but you need to be careful here, since a close below 2300 will most likely generate a downward movement to 2200 and 2150. In the case of a positive outcome, a closure can be expected above the level of 2340, and then enter a long position with a target of 2400, then 2440 and higher.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: After a quiet week in the metals market, the coming week is likely to be very volatile. In addition to the technical accumulation in the triangle format, we have a lot of economic data and events that will happen this week.
The most likely scenario №1 will involve a breakout trade at the level of 2340. Scenario №2 assumes a preliminary fall to 2300, but you need to be careful here, since a close below 2300 will most likely generate a downward movement to 2200 and 2150. In the case of a positive outcome, a closure can be expected above the level of 2340, and then enter a long position with a target of 2400, then 2440 and higher.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Transaction en cours:
⚡️New ideas for AUDUSD, NZDUSD and EURAUD⚡️
Trade fermée: ordre d’arrêt atteint:
⚡️New ideas for USDCAD, USDCHF and EURAUD⚡️
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
