As we expected before the gold jumped
to the levels of the 1230 simply, but we expect to see slight
declines on the gold during the coming hours, but retreated correct
before waiting for the completion of the journey towards the main
goals that we referred to before and identified the stability of
trading above 1235 critical level to determine the possibility of
continuing to climb
Gold is currently trading at 23.6,
which is expected to turn into a support level for gold. Gold needs
to break through the 1235 level and stability of trading until the
end of the week to confirm targets targeting 1250 and 1300
respectively.
We have some events that affect gold,
the Turkish-Saudi crisis may affect US arms deals, that makes America
lose some jobs, fluctuating oil prices if the Saudi royal family
faces crises that will affect the strength of the dollar,
But so far gold has reached some risk
levels, we have asked traders to buy from 1192 and 1188 with a stop
at 1160 and make targets open
For those who have not yet bought I
would recommend waiting for any corrective move to buy gold with the
same stop loss levels and leave the targets open
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