Forex_Times

๐Ÿ”น Gold: basic market maker scenario in action.

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
๐Ÿ“Š Over the past 24 hours, the main scenario for market maker gains was successfully worked out: a corrective rise to the market maker balance (1745.00).
The key resistance for the last working day of the week is the current limit seller level (1761.46).
โš™๏ธ In case of successful test of the mentioned resistance level we expect further decline with the nearest target - level of the limit buyer (1748.17).
In case of breakdown and fixation below 1748.17 we expect a decline to the close of the trading day with the target,- balance of the week (1745.00).
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