๐ Gold: hedge zone has paused growth, what next?
๐ A successful test of the limit buyer level (1782.76), which we wrote about yesterday, provided a profitable buying opportunity.
The upside targets were minimal,- 1800.00, as the main scenario according to the weekly forecast,- continuation of medium-term decline.
๐ In fact, with a slight underperformance we worked off the price mark of the hedger resistance zone 1800.00.
Today in case of a successful test of the balance of the day (1776.05) we expect an intraday rise with a minimum target,- limit seller (1789.05).
In case of breakdown and fixation below the balance of the day level (1776.05), alternative intraday scenario will be realized: decrease to the level of limit buyer (1767.64).
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The upside targets were minimal,- 1800.00, as the main scenario according to the weekly forecast,- continuation of medium-term decline.
๐ In fact, with a slight underperformance we worked off the price mark of the hedger resistance zone 1800.00.
Today in case of a successful test of the balance of the day (1776.05) we expect an intraday rise with a minimum target,- limit seller (1789.05).
In case of breakdown and fixation below the balance of the day level (1776.05), alternative intraday scenario will be realized: decrease to the level of limit buyer (1767.64).
๐ค Like the idea? ๐ like it โ๏ธ write a comment
