Gold is expected to continue to rise during the new trading week as the bullish dominance of CoT reports has increased by an additional 4%. The unidirectional nature of the move during the new week confirms the 6% decrease in locked positions. 📝 A 1% increase in market volume at the same time indicates a likely strong upside during the new week. The key medium-term support is the market maker loss level (1773.02). 💡 In case of a successful test of the mentioned option support, we expect a rise with the target: weekly market maker resistance level (1844.09). 🤔 Like the idea? 👍 like it ✍️ write a comment
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💡 Gold: looking for potential investment opportunities. 📌 The key support level for today is the limit buyer (1789.55). In case the asset price declines to this support price level, the main scenario is a suspension of the decline and subsequent momentum with the nearest target,- limit seller (1813.53). 📝 The medium-term growth target is the market maker's loss (1843.97).
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⚠️ Gold: hidden buying set continues. The closest support for the second working day of the week is a limit buy (1789.41). 📌 In case of limit buyer's test (1789.41) 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 (1810.22). 📝 Under the alternative scenario: fixing below the limit buyer (1789.41) we expect decrease to the loss of the market maker (1773.18).
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📌 Gold: planned rise to market maker balance. Tested the market maker balance (1805.00) over the past 24 hours. 💡 Today during the day expect to test the limit buyer level (1790.72) and further rise to limit seller (1812.84). Further resistance is hedge zone (1828.99).
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💡 Gold: have consolidated above balance. The closest support for today is the balance of the week at quote 1805.00. Subsequent support for Thursday, July 29 is a limit buyer (1794.07). 📌 In case of successful test of limit buyer (1794.07), expect to rise to close of day to limit seller (1819.55).
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💡 Gold: will the trend continue to rise? The closest resistance for today is the balance of the day (1833.35). 📌 Should a successful test of the limit seller (1835.28), which is reinforced by the close location of the market maker's loss level, expect a decline to the close of the day to the limit buyer (1826.14). 📝 If breakdown and fixation below limit buyer (1826.14) we expect continuation of corrective impulse to hedgerow resistance zone (1810.00).