GOLD possible scenarios short and mid term
Updated
Quick one, using past price behavior.
I see some more room to the upside starting next week, 1374 would be a good target, it will honour harmony from past waves and, remember, Wednesday 31st FED Funds rate decision will be hitting the market. I see a correction starting from there. Check the targets, we might see prices lower up to 1280 levels taking the whole February. Then to return to the main upward trend.
I see a lot of opportunities for reentering the market at lower prices.
Mid term, we could be counting 1400 figures by mid April.
Same fundamentals, watch DXY evolution closely.
I see some more room to the upside starting next week, 1374 would be a good target, it will honour harmony from past waves and, remember, Wednesday 31st FED Funds rate decision will be hitting the market. I see a correction starting from there. Check the targets, we might see prices lower up to 1280 levels taking the whole February. Then to return to the main upward trend.
I see a lot of opportunities for reentering the market at lower prices.
Mid term, we could be counting 1400 figures by mid April.
Same fundamentals, watch DXY evolution closely.
Trade closed: target reached
BANG!
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