Forex_Times

🎯 Gold: will there be a balance of the week retest?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
🌐 During the European session of the current working day, expect a retracement of the price range of 1728.76-1735.00, where the balance of the day and hedger resistance zone is located.
📉 The main scenario for today is the breakaway from the mentioned option resistance range and the following decline to the level of the limit buyer (1716.89).
The medium-term downside target within the trading week is the level of the highest net profit of the seller of the nearest to expiration medium-term option contracts (1710.00).
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