Forex_Times

❗️ Gold: can hedgers stop growth on March 22-26?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
🎯 The nearest resistance during the new trading week is the premium level at 1746.20.
In case of a rebound from the specified resistance, we expect a decline to the weekly balance (1720.00).
💠 According to new reports from CoT, the preponderance of buyers increased by 3%, and the total market volume by 1%, which indicates the likely continued growth of the asset's quotes during the second half of the new trading week.
The number of locked positions of investors decreased by 3%, which indicates a likely unidirectional movement of asset quotes on the daily timeframe.
The ultimate target for growth is the loss level of the market maker (1759.02).
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Trade active:
📝 Gold: we are in the hedger resistance zone During the beginning of the European session, we expect termination of the option balance of the current working day (1744.25).
✍️ The main scenario for the development of events today is a rebound from the above resistance level and a subsequent decline to the limit buyer (1731.39).
⚠️ It is also worth noting the level of the limit seller, which is located at the price mark 1756.80, which in turn acts as a secondary target for growth for the current working week.
Trade active:
📌 Gold: trade in the hedger resistance zone ✍️ The closest support for today is the level of limit buyers (1729.62).
🌐 In case of breakdown and consolidation below, the mid-term support level will be the weekly balance (1720.00).
If the level of limit buyers is successfully tested (1729.62), the closest target of growth will be the balance of the day (1740.52).
Trade active:
🌐 Gold: the asset intends to test the balance of the market maker 📌 The closest resistance within the European session is the level of the limit seller (1735.47).
✍️ If the test is successful and consolidates below the specified resistance, we expect a decline to the weekly balance (1720.00).
The next support is the level of the limit buyer (1717.26).
Trade active:
🎯 Gold: limit sell orders are higher 📌 The closest support level for today is the limit buyer (1728.43).
In case of a successful test of the specified support level, we expect an increase with the nearest target - the limit seller (1742.37).
🔥 A medium-term target for growth is a cluster of option levels, which is located in the price area of ​​1750.00 - 1752.20.
Trade active:
🌐 Gold: trading near the maximum profit level of the market maker During the European session we expect a rise to the limit seller level (1733.39).
📝 In case of successful test of the mentioned option intraday resistance the main scenario before the end of the trading day is the decrease in the direction of profit increase of the options seller.
📌 The nearest support level for today is the level of options balance of the week (1725.00), on which the net profit of the market maker will make $3.32 million.
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