Gold is expected to continue to rise during the new trading week as the bullish dominance of CoT reports has further increased by 14%. The unidirectional nature of the move during the new week confirms the reduction of locked positions by 1%. 📝 A 5% increase in market volume at the same time indicates a likely impulsive rise during the new week. The key medium-term support is the market maker balance level (1790.00). 💡 In case of a successful test of the mentioned option support, we expect a rise with a target: hedge zone (1825.00). 🤔 Like the idea? 👍 give it a like ✍️ write a comment
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⏳ Gold: termination of limit buyer will show priority. ♻️ In case of successful test of limit buyer (1797.88) expect upside with target,- balance of the day (1810.95). ⚙️ In case of breakdown and fixation above the mentioned resistance we expect subsequent rise with the final benchmark,- limit seller (1818.79). In case of alternative scenario,- fixation below limit buyer (1797.88), further support will be hedge zone (1790.00).
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⚠️ Gold: rising trend continues. Worked off a false-break from the day's balance level (1795.00) over the past 24 hours. 📌 In case of retest of the balance of the week (1795.00), we expect formation of buying pattern. The nearest landmark for the upward momentum continuation in the direction of the long-term trend is the limit seller (1818.85).
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💸 Gold: attention, trading above the balance of the week! 🌐 The nearest support for today is the limit buyer (1801.00). In case of successful test of this support level we expect further rise to the limit seller (1820.37). 💠 In case of breakdown of limit buyer (1801.00) further support today is weekly balance (1795.00).
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👉 Gold: planned rise on trend. 💠 The nearest support for today is the limit buyer (1817.36). In case of a successful test of said support, expect an upside to limit seller (1834.54). 📝 In case of breakdown of limit seller (1834.54) we expect further rise with ultimate target to close of trading day,- premium level of hedge resistance zone (1842.85).
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⚠️ Gold: clear rise to market maker loss. 📌 The closest resistance for today is the market maker loss (1835.12). In case of a rise to market maker loss and formation of a sell pattern we expect a decline during the US session to the limit buyer level (1820.83). 📝 In case of fixation below the mentioned support we expect the further decrease to the level of the maximum profit of the market maker (1805.00).