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Saturday, April 17, 2021

πŸ“Œ Gold: will there be a correction down April 19-23?

πŸ“Œ Gold: will there be a correction down April 19-23?

Gold OANDA:XAUUSD

πŸ“£ Despite the momentum in the value of the safe haven currency over the past trading week, the overall market volume according to CoT reports is down 1%.
The net outperformance of buyers declined by 2%, while locked-in investor positions increased by 1%.
That's why during the first half of the new trading week we expect the price mark of 1780.00, near which the hedgers' resistance zone is located.
πŸ”₯ In case of breakdown and fixation above the price level of 1780.00 we expect the rise to the market maker loss level (1793.26).
During the second half of the new trading week at the formation of the pattern to sell near the price level of 1793.26 we expect the decrease with the target benchmark - the balance of the week (1765.00).
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