Hello everyone! ???? Yesterday the idea of a downward reversal failed. The market closed trades with a stop order at the level of 2390. Gold continues to strengthen. Today, I also expect an upward impulse. This is how Gold behaves after a good breakthrough of an important level. Levels 2417 and 2431 - these levels are for testing strength. Afterwards, I expect a full downward dive. Dear traders, the price of Gold may reach a new maximum if it also breaks through 2431 and holds. The main scenario remains for selling from the level of 2417. I will start opening short positions from there with a stop order at the level of 2440. Beyond that, the price may simply soar higher. There are also many reasons for buying. Destabilization in the Middle East continues and tensions are rising. It is important to consider the possibility of a sudden escalation of the conflict on a global scale. In this case, Gold may not be restrained from reaching new highs at all. On the horizon, we may even see the level of 2600. Let's wait, listen, and observe. Enter the market only after receiving a signal.
