📌 Gold: will investors not allow growth during March 8-12?

💠 According to new reports from CoT, the preponderance of sellers decreased by 18%.
The total market volume decreased by 2%, which indicates a likely corrective nature of the decline on the daily timeframe.
📝 Taking into account the increase in the number of locked positions by 7%, we assume a probable flat on the day and a corrective increase within the trading week.
In case of a successful test of the limit buyer's level (1690.42), we expect an increase with the nearest target - to the level of the market maker's loss (1723.10).
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🔥 Gold: Market Maker Resistance Is Close!

🎯 The nearest support for today is the option balance of the day (1699.92).
The main scenario is a rebound from the specified option support and a subsequent rise to the level of the limit seller (1721.54).
💡 When consolidating above the specified resistance, the option level at the price mark 1734.22 acts as a medium-term resistance when trading within a trading week.

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🎯 Gold: reached the loss level of the market maker

📝 Today we expect a continuation of the decline in the asylum currency with the achievement of the limit buyer's level (1672.01).
♻️ If this scenario is implemented, the target reference point for the correction increase before the end of the currency day is the market maker's loss level (1683.24).
In case of consolidation above the loss level (1683.24) during the European session, the far reference for the increase today is the level of the limit seller (1710.68).

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🎯Gold: will the weekly balance stop increasing?

💡 During the American session on Tuesday, March 9, the balance of the week (1720.09), which we wrote about in yesterday's trading idea, was successfully tested.
📈 During the European session of the current working day, we expect a decline to the limit buyer (1702.96).
If the test of the latter is successful, the growth target until the end of the currency day is the limit seller (1729.37).

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✍️ Gold: closed above balance, what's next?

♻️ The closest resistance level for Thursday, March 11, is the level of the limit seller (1736.04).
💸 In case of a successful test of the specified resistance, we expect a decline to the balance of the day (1722.12).
In case of breakdown and consolidation above the specified resistance, we expect an increase to the premium level of the weekly resistance area of ​​hedgers (1744.36).

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🚫 Gold: we have a narrow corridor of limit participants

📈 During the European premarket we expect a decline to the limit buyer (1715.09).
In case of a successful test of the latter, we expect an increase to the option balance of the current trading week, located at the price level of 1725.00.
⚠️ In case of breakdown and consolidation below the price level of 1715.09, we expect a decline to the strike level of the weekly hedger support area (1700.00).

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💡 Gold: the limit seller pushes the price down

💸 The closest support area for today is the price range 1726.79-1725.00, where the limit buyer and the week's balance are located.
👉 In case of rebound from the specified support, we expect an increase to the premium level of the weekly area of ​​hedgers resistance (1738.01).
In case of breakdown and consolidation above the indicated resistance, the ultimate goal of growth is the level of the limit seller (1740.02).