Strifor || GOLD-04/01/2024
Preferred direction: BUY
Comment: Gold and the euro have worked out their short-term shorts very well, and at the moment there will most likely be a pause in sales. Quite a strong resistance is located at the 2035 level, from where you can most likely expect a rebound upward, which is already in its formation stage. The main growth target is the level of 2070, but there are strong suspicions that the price will jump higher, especially against the backdrop of the upcoming publication of important data from the United States.
If we look at the medium term, we also do not rule out updating the local maximum at the level of 2100, before we again observe a fall towards 2000. We definitely need to be careful about the fall now and most likely it is better to take a closer look at short-term longs.
Thank you for like and share your views!
Comment: Gold and the euro have worked out their short-term shorts very well, and at the moment there will most likely be a pause in sales. Quite a strong resistance is located at the 2035 level, from where you can most likely expect a rebound upward, which is already in its formation stage. The main growth target is the level of 2070, but there are strong suspicions that the price will jump higher, especially against the backdrop of the upcoming publication of important data from the United States.
If we look at the medium term, we also do not rule out updating the local maximum at the level of 2100, before we again observe a fall towards 2000. We definitely need to be careful about the fall now and most likely it is better to take a closer look at short-term longs.
Thank you for like and share your views!
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