XAU/USD (GOLD)
The sales pressure is relatively strong. We know
that moving in the opposite direction of the trend
is wrong, so it is not expedient to buy until we see
the failure of the trend and confirm it.
First: the probability of a negative move to the
price of 1764 and then with the partial entry of
buyers can grow to 1776.
Then: there is a possibility of a relatively strong
negative move to the price of 1740.
On the other hand, it should be borne in mind that
high inflation can also lead to rising gold prices.
But with the current situation, there is a 51%
chance that the price of gold will fall.
that moving in the opposite direction of the trend
is wrong, so it is not expedient to buy until we see
the failure of the trend and confirm it.
First: the probability of a negative move to the
price of 1764 and then with the partial entry of
buyers can grow to 1776.
Then: there is a possibility of a relatively strong
negative move to the price of 1740.
On the other hand, it should be borne in mind that
high inflation can also lead to rising gold prices.
But with the current situation, there is a 51%
chance that the price of gold will fall.
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