Strifor || XAUUSD-30/11/2023
Preferred direction: BUY
Comment: Short-term prospects for metals need adjustment. This is especially true for gold. Here, another upward impulse is expected towards historical highs at the 2070 level.
At the moment, a good base has already been formed to begin growth and it is unlikely that the instrument will need an additional move down to gain more positions. Therefore, the most likely scenario is an increase from current prices.
If there is still a fall, it will most likely be small in the form of a not deep false breakout. The target is also at historical highs at 2070.
Thank you for like and share your views!
Comment: Short-term prospects for metals need adjustment. This is especially true for gold. Here, another upward impulse is expected towards historical highs at the 2070 level.
At the moment, a good base has already been formed to begin growth and it is unlikely that the instrument will need an additional move down to gain more positions. Therefore, the most likely scenario is an increase from current prices.
If there is still a fall, it will most likely be small in the form of a not deep false breakout. The target is also at historical highs at 2070.
Thank you for like and share your views!
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Trade closed: target reached
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