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Tuesday, May 18, 2021

πŸ“Œ Gold: price has locked in the market maker's loss zone!

πŸ“Œ Gold: price has locked in the market maker's loss zone!

Gold OANDA:XAUUSD

πŸ’‘ As of trading results for Monday, May 17, the asset closed above the market maker's minimum profit level (1862.04).
In case of a successful test of the mentioned option level, we expect a subsequent intraday rise with a limit seller (1878.62) as a target.
πŸ’  A $70m downside gain near the hedge zone (1900.00) points to this level as the ultimate upside target.
If breakdown and consolidation below market maker's loss (1862.04) the next medium-term support will be the balance of the week (1835.00).
The dynamic rise of the balance of the week by one strike (from 1830.00) further confirms the upward nature of the trend within the week.
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