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.
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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.
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Trade active:
β³ Gold: market maker balance termination will show priority.
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).
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).
Trade active:
β
Gold: hedger zone successfully tested.
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).
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).
Trade active:
πΈ Gold: pay attention, spreading the hedge zone!
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).
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).