Smart Money has increased the outperformance of buyers by 19%. According to new CoT reports, the overall market volume has increased by 1%. On this basis, we assume that Smart Money wish to further increase the value of the safe haven currency. ☑️ The nearest support level is the option balance of the month (1740.00). In case of formation of a buy pattern near this option support, we expect a rise with the nearest target, the premium level of the hedge weekly resistance area (1759.04). 👁🗨 In case of breakdown and fixation below the level of weekly parity (1740.00) the next important support will be the medium-term hedge support area (1725.00-1720.37). When this support area is reached, we expect a suspension of the fall and subsequent continuation of the momentum in the upward trend direction with the target, 1770.12, where the weekly resistance level of the market maker is located. 🤔 Like the idea? 👍 like it ✍️ write a comment
Operación activa
⋅
🌐 Gold: hedger price corridor is very close! 👉 At the European pre-market, we expect a termination of the limit buyer level (1733.80). In case the decline is halted and a buy pattern is formed, we expect a further rise with the nearest target,- the balance of the day, located at the price level of 1745.07. 📝 The next upside target is the sellers' limit level (1753.56).
Operación activa
⋅
🔥 Gold: hedger support zone as downside target Has consolidated below the balance of the week level (1740.00) over the past 24 hours. 📈 The closest support level for today is the limit buyers level (1724.24). 📣 The main scenario is a test of the said support and subsequent corrective rise to the option balance level of the day (1732.80).
Operación activa
⋅
🔹 Gold: secured above the balance of the week, what's next? ✅ During the European session, we expect a decline towards the option balance of the week level (1740.00) and the limit buyer level (1737.82). In case of formation of a buy pattern we expect impulse increase to the strike level of the hedger resistance zone (1750.00). ⭐️ Further resistance is the level of limit seller (1754.09).
Operación activa
⋅
⚙️ Gold: the price has settled near the balance of the week. During the European trading session we expect a rise to the limit seller level (1742.25). 📊 The main scenario for today is the breakaway from the resistance level and further decrease with the nearest target - option balance of the day (1736.26). 🔰 In case of breakdown and fixation below 1736.26 the final downside target for today will be the limit buyer at the price level of 1728.93.
Operación activa
⋅
⏳ Gold: reached the market maker's loss level! 🔰 Yesterday's impulsive rise in the direction of the long-term upward trend was stopped by the market maker loss level (1769.02). Today during the day we expect a retest of the weekly hedgerow resistance area premium level (1767.93). 🔥 In case of formation of the pattern to sell near the mentioned price level we expect the decrease with the limit buyer (1760.42) as a target.