Strifor || XAUUSD-09/25/2023
Preferred direction: SELL
Comment: There are some uncertainties regarding gold, but the overall market sentiment is still short. The strengthening of the US dollar continues, and against this background the metal may still decline in price. At the moment, a fall below 1912 is not being considered. It should also be noted that if the buyer’s strength manifests itself and growth to the level of 1946, the metal with a large share of growth will continue to gain uptrend impulse. The buyers’ target in this case will be near the 1980 level.
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Comment: There are some uncertainties regarding gold, but the overall market sentiment is still short. The strengthening of the US dollar continues, and against this background the metal may still decline in price. At the moment, a fall below 1912 is not being considered. It should also be noted that if the buyer’s strength manifests itself and growth to the level of 1946, the metal with a large share of growth will continue to gain uptrend impulse. The buyers’ target in this case will be near the 1980 level.
Thank you for like and share your views!
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