✍️ Gold: hedgers are secretly buying
The nearest resistance on Tuesday, March 2, is the weekly loss level of the market maker (1729.04).
💡 The main scenario of the development of events is a rebound from the indicated resistance and a subsequent decline to the optional level of growth of positions for an increase in the volume of $114 million.
⚠️ In case of a breakdown of the indicated support, we expect a subsequent decline to the price level of 1679.80, where a limit buy order with a volume of $48 million is located.
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💡 The main scenario of the development of events is a rebound from the indicated resistance and a subsequent decline to the optional level of growth of positions for an increase in the volume of $114 million.
⚠️ In case of a breakdown of the indicated support, we expect a subsequent decline to the price level of 1679.80, where a limit buy order with a volume of $48 million is located.
🤔 Do you like the idea? 👍 like it ✍️ write a comment
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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.