Forex_Times

πŸ“Œ Gold: analyst review for 13-17.09.2021.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is expected to be lower during the new trading week as the bullish dominance on CoT reports has decreased by 4%.
The unidirectional nature of the move during the new week confirms a 1% decrease in locked positions.
πŸ“ A 2% decrease in market volume at the same time indicates a likely weakness in the upside during the new week.
The key medium-term resistance is the market maker balance level (1800.00).
πŸ’‘ In case of a successful test of the mentioned option resistance, we expect a decline with a target: market maker loss level (1762.20).
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Trade active:
⏳ Gold: the unwinding of the balance of the week will show the priority. The nearest resistance for today is the option balance of the week (1800.00), near which is the limit seller level (1798.13).
♻️ In case of successful test and subsequent fixation below the weekly balance level (1800.00), we expect decrease with the target, which is the limit buyer level (1774.66).
βš™οΈ In case of break and fixation below the mentioned support we expect further decline with the final benchmark,- market maker loss level (1762.00).
Trade active:
πŸ’  Gold: heading for a test of the hedge zone? ✍️ Key resistance for today is the 1800.00 - 1802.70 price range (hedger zone and limit seller).
In case the mentioned option resistance area is tested during the trading day, we expect decline to the current limit buyer level (1784.06).
πŸ’‘ The next downside target before the day's close is the weekly loss of the market maker (1761.23).
Trade active:
πŸ’Έ Gold: attention, hedgers are pushing the asset down! 🌐 The asset is currently trading in the hedgers resistance zone (1811.99-1800.00).
The nearest resistance for today is the limit seller (1811.99).
πŸ’  In case of a successful test of the mentioned resistance, the minimum downside target is the limit buyer (1796.56).
Further support for Wednesday, September 15, is the market maker's loss (1760.01).
Trade active:
πŸ’‘ Gold: will the decline continue on trend? The nearest resistance for today is the limit seller (1800.00)
πŸ“Œ In case of successful test of limit seller (1800.00), which is reinforced by the location of hedger resistance zone by the marked quotes, we expect a decline before the close of the day to limit buyer (1787.84).
πŸ“ On breakdown and fixation below limit buyer (1787.84) we expect continuation of medium term momentum to market maker loss (1762.21).
Trade active:
πŸ“ Gold: back to comfort zone? Over the past 24 hours have consolidated in the market maker's loss zone (below the minimum profitability level of 1758.84).
πŸ’‘ Today throughout the day, expect to pause the decline in the price range of 1754.65-1747.72, where the limit buyer and balance of the day is located.
πŸ“Œ The upside targets in this case are balance of the week (1780.00) and limit seller (1761.67).
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