📌 Gold: will there be a correction down April 19-23?
📣 Despite the momentum in the value of the safe haven currency over the past trading week, the overall market volume according to CoT reports is down 1%.
The net outperformance of buyers declined by 2%, while locked-in investor positions increased by 1%.
That's why during the first half of the new trading week we expect the price mark of 1780.00, near which the hedgers' resistance zone is located.
🔥 In case of breakdown and fixation above the price level of 1780.00 we expect the rise to the market maker loss level (1793.26).
During the second half of the new trading week at the formation of the pattern to sell near the price level of 1793.26 we expect the decrease with the target benchmark - the balance of the week (1765.00).
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The net outperformance of buyers declined by 2%, while locked-in investor positions increased by 1%.
That's why during the first half of the new trading week we expect the price mark of 1780.00, near which the hedgers' resistance zone is located.
🔥 In case of breakdown and fixation above the price level of 1780.00 we expect the rise to the market maker loss level (1793.26).
During the second half of the new trading week at the formation of the pattern to sell near the price level of 1793.26 we expect the decrease with the target benchmark - the balance of the week (1765.00).
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Trade active:
❗️ Gold: waiting for the retest of the balance of the week!
The closest resistance for the pre-market Europe is the option balance of the day level (1780.23).
💡 The main scenario before the opening of the American trading session is the breakdown of the level of 1780.23 and the further rise to the price level of 1788.21, where the limit seller is.
🔥 In case of formation of the pattern on sale near the level of the limit seller (1788.21) we expect the impulse to decrease with the target benchmark - the balance of the week (1765.00).
Close location of limit buyer level (1765.43) additionally strengthens the probability of rebound from the balance of the week.
💡 The main scenario before the opening of the American trading session is the breakdown of the level of 1780.23 and the further rise to the price level of 1788.21, where the limit seller is.
🔥 In case of formation of the pattern on sale near the level of the limit seller (1788.21) we expect the impulse to decrease with the target benchmark - the balance of the week (1765.00).
Close location of limit buyer level (1765.43) additionally strengthens the probability of rebound from the balance of the week.
Trade active:
🔰 Gold: 19-23 Apr below balance?
Main weekly scenario is on track with some minor refinements.
📌 In case of formation of sell pattern near limit seller (1778.95) we expect downside with nearest target,- balance of the week 1765.00 (as expected earlier).
🔥 The next medium-term resistance will be the limiting buyer (1759.40).
📌 In case of formation of sell pattern near limit seller (1778.95) we expect downside with nearest target,- balance of the week 1765.00 (as expected earlier).
🔥 The next medium-term resistance will be the limiting buyer (1759.40).
Trade active:
✅ Gold: entrenched above the balance of the week.
🌐 In the first half of Wednesday, April 21, we expect a break of the balance of the day (1778.66) and a subsequent decline to the limit buyer (1769.90).
With the formation of a buy pattern near the limit buyer level, we expect the momentum to continue towards the long term upside.
🔰 The target of growth till the end of the currency day is the level of weekly hedge resistance (1791.05).
With the formation of a buy pattern near the limit buyer level, we expect the momentum to continue towards the long term upside.
🔰 The target of growth till the end of the currency day is the level of weekly hedge resistance (1791.05).
Trade active:
💡 Gold: market maker at a loss, is the rise over yet?
♻️ Over the past 24 hours, the asset has reached the upper limit of the weekly market maker target zone (1797.13).
The nearest support level for today is the limit buyer (1786.13).
📌 The main scenario for Thursday, April 22 is a successful test of the limit buyer level (1786.13) and a subsequent rise to the limit seller (1803.06).
The nearest support level for today is the limit buyer (1786.13).
📌 The main scenario for Thursday, April 22 is a successful test of the limit buyer level (1786.13) and a subsequent rise to the limit seller (1803.06).
Trade active:
🌐 Gold: down towards the balance of the week?
🏁 The nearest support for today is the limit seller (1791.34).
📉 The main scenario is its successful test and subsequent decline to the limit buyer (1777.86).
On breakdown and fixation below the limit buyer (1777.86) we expect a decline to the balance of the week (1775.00).
📉 The main scenario is its successful test and subsequent decline to the limit buyer (1777.86).
On breakdown and fixation below the limit buyer (1777.86) we expect a decline to the balance of the week (1775.00).
