Market decreased by an additional 8% to a cash equivalent of $225bn 865m.
📝 The number of locked-in investor positions at the same time increased by 1%, which gives us reason to speculate about a possible corrective decline in gold prices during the first half of the new trading week.
In case of a successful test of the hedge zone (1800.00), we expect a further decline before the close of the trading week with a target of $252 million (1750.00) upside position gains.
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💠 As of now, the asylum currency quotes have settled close to the limit seller level (1789.48).
The main scenario for today is the continuation of the rise during the European trading session with the target: limit seller (1789.48).
📝 In case the growth stops and the pattern of selling is formed during the American trading session, expect correctional decline with the nearest target,- level of the limit buyer (1766.26).
In case of breakdown and fixation above the balance of the day (1780.80), we expect increase to the current limit seller level (1788.73).
💡 Limit buy (1769.47) and strike of weekly hedge support zone (1750.00) are the downside targets before day's close.
💡 Today during the day expect a test of the limit buyer level (1750.13) and a subsequent rise to the limit seller level (1773.72).
Wednesday's option balance (1763.67) enters as intermediate resistance intraday.
📝 In case of a successful test of the limit buyer (1761.33) we expect a further rise with the ultimate target before the close of the trading day,- limit seller (1780.41).
Hedgerow zone (1800.00) remains the medium-term growth target.
💡 Today during the day, expect a test of the mentioned support level and subsequent rise with limit seller (1784.72) as the target,- limit seller.
📌 The ultimate upside target to close the trading day is the balance of the week (1795.00).