Strifor || GOLD-09/05/2024
Preferred direction: Neutral
Comment: As we expected at the beginning of the week, metals are mostly standing still. In addition, we talked about a likely fall, and the mood associated with it only strengthened in the second half of the week. The most likely scenario №1 looks in favor of the seller, and here an approach to the level of 2250 is expected. If this scenario is realized, a fall to 2200 and 2150, where the liquid area is located, can be expected.
Scenario №2 is less likely and assumes the short-term strengthening of buyers. However, in the more medium-term, even after updating the all-time high, gold prices are likely to go down to 2200 and 2150.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: As we expected at the beginning of the week, metals are mostly standing still. In addition, we talked about a likely fall, and the mood associated with it only strengthened in the second half of the week. The most likely scenario №1 looks in favor of the seller, and here an approach to the level of 2250 is expected. If this scenario is realized, a fall to 2200 and 2150, where the liquid area is located, can be expected.
Scenario №2 is less likely and assumes the short-term strengthening of buyers. However, in the more medium-term, even after updating the all-time high, gold prices are likely to go down to 2200 and 2150.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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