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Wednesday, May 05, 2021

πŸ’  Gold: hedge zone has paused growth, what next?

πŸ’  Gold: hedge zone has paused growth, what next?

Gold OANDA:XAUUSD

🏁 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.
πŸ’Ž 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).
πŸ€” Like the idea? πŸ‘ like it ✍️ write a comment



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