📌 On formation of the pattern to buy near the specified , we expect the suspension of decline and the subsequent growth with the far target growth,- strike level of the weekly hedge (1800.00).
In case of fixation above the mentioned , the next growth target will be the level of weekly balance (1820.00).
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In case of formation of sell pattern near the mentioned resistance level, the main scenario is stoppage of growth within the day and subsequent downside impulse with the nearest target,- premium level of hedge support zone (1764.44).
📝 Mid-term downside target is the limit buyer (1753.32).
Over the past trading week, the net outperformance of buyers on current CoT reports was down 8%.
Market volume is down 4% at a cash equivalent of $245 billion 975 million.
📝 The number of locked positions of investors at the same time decreased by 4%, which gives us grounds to assume about possible correction decrease of gold quotations during the new trading week.
In case of a successful test of the week's balance (1810.00), we expect a further decline before the close of the trading week, with a target of $160 million upside positions (1750.00).
The nearest resistance for today is the limit seller (1789.54).
💠 In case of successful test of this resistance minimal downside target is the balance of the day (1777.85).
Distant resistance on Wednesday, June 23 is the limit buyer (1768.02).
📝 At breakdown and fixing of the limit buyer (1773.57) we expect continuation of medium-term impulse to the hedge support zone (1750.00).
In case of breakdown and fixation above the limit seller (1786.54) the final growth target for today will be the level of round numbers 1800.00, where the current resistance area of institutional investors is located.
In case of rise to the limit seller and formation of sell pattern, we expect decrease during the US session to the level of limit buyer (1769.81).
📝 In case of fixation above the mentioned resistance (1780.61) we expect the growth up to the level of the maximum profit of the market maker (1800.00).