💡 Gold: will the decline continue on the trend?
The nearest resistance for today is the limit seller (1800.00)
📌 In case of successful test of limit seller (1800.00), which is reinforced by the location of hedger resistance zone by the marked quotes, we expect a decline before the close of the day to limit buyer (1787.84).
📝 On breakdown and fixation below limit buyer (1787.84) we expect continuation of medium term momentum to market maker loss (1762.21).
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📌 In case of successful test of limit seller (1800.00), which is reinforced by the location of hedger resistance zone by the marked quotes, we expect a decline before the close of the day to limit buyer (1787.84).
📝 On breakdown and fixation below limit buyer (1787.84) we expect continuation of medium term momentum to market maker loss (1762.21).
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.