💬Description: The price of the metal has entered the previously expected range and is currently within it. Here, as before, a potential reversal is expected. Today is a fairly rich day for economic data, basically like the entire current week. This cannot be ignored when trading.
One can gradually accumulate a long position now, in small volumes. In this case, one needs to count on the expected small downward impulse in order to collect buyers’ stop losses. No particularly deep impulses are expected for Gold and Silver, but one needs to be careful with currencies, where the potential for a fall is greater than for metals.
It is best not to take levels above 1860 and 1870 as a goal.
🔔FX CALENDAR TODAY:
🇺🇸ADP Nonfarm Employment
🇺🇸Services/Composite PMI
🇺🇸Factory Orders
🇺🇸ISM Non-Manufacturing PMI
🇪🇺ECB President Lagarde Speaks
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