Preferred direction: BUY
Comment: As we expected, the metal rolled back exactly to 1912 and the correction stopped. The current consolidation above this level most likely indicates the forthcoming further strengthening of the buyer. Gold is characterized by medium-term long, so a rollback to 1900 and even lower is possible, however, the medium-term instrument looks very good up.
Thank you for like and share your views!
Comment: As we expected, the metal rolled back exactly to 1912 and the correction stopped. The current consolidation above this level most likely indicates the forthcoming further strengthening of the buyer. Gold is characterized by medium-term long, so a rollback to 1900 and even lower is possible, however, the medium-term instrument looks very good up.
Thank you for like and share your views!
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