The key support during the new trading week will be the market maker loss level located at 1723.09, where the market maker loss is located. π On formation of the pattern to buy near the mentioned support level, we expect the suspension of decline and the subsequent growth with the far target of growth, - the level of the minimum profitability of the market maker (1804.29). In case of consolidation above the mentioned resistance level, hedge resistance area (1825.00) will be the next upside target. A 2% increase in market volume and a 10% outperformance of buyers on the new Commitments of Traders reports further support the above scenario. π€ Like the idea? π like it βοΈ write a comment
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β³ Gold: market maker balance termination will show priority. β»οΈ In case of fixation below the balance of the week level (1765.00) we expect a decline with the target,- limit buyer level (1742.35). At formation of a pattern to buy near the level of the limit buyer (1742.35) we expect subsequent rise with the target benchmark - the level of the balance of the week (1765.00). βοΈ On break and consolidation above the mentioned resistance we expect further upside with the ultimate benchmark,- limit seller (1767.53).
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β Gold: hedger zone successfully tested. π The nearest support level for today is the limit buyer (1744.07). π¬ In case of decline to the indicated support level, we expect formation of a buy pattern and subsequent rise with the limit seller (1767.15) as the target. The medium-term growth target is the loss of the market maker (1801.12).
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πΈ Gold: pay attention, spreading the hedge zone! π The asset is currently trading inside the hedger resistance zone (1760.00-1770.74). The closest support for today is the limit buyer (1749.77). π In case of a successful test of this support, the minimum upside target is hedge resistance zone premium level (1770.74). Further resistance for Wednesday, October 13, is market maker's loss level (1800.24).