Preferred direction: BUY
Comment: For metals, there will most likely be a relative pause in movement. Thus, a balance is expected to be formed for gold, most likely after which there will be an attempt to grow above the 2040 level. In the short term and even in the longer term, longs will most likely be of greater priority. The buyer’s first task is to gain a foothold near the 2040 level, after which a fairly good prospect opens up towards the 2070-2080 area.
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Comment: For metals, there will most likely be a relative pause in movement. Thus, a balance is expected to be formed for gold, most likely after which there will be an attempt to grow above the 2040 level. In the short term and even in the longer term, longs will most likely be of greater priority. The buyer’s first task is to gain a foothold near the 2040 level, after which a fairly good prospect opens up towards the 2070-2080 area.
Thank you for like and share your views!
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