📝 Gold: trading ideas for October 11-15.
The key support during the new trading week will be the market maker loss level located at 1723.09, where the market maker loss is located.
📌 On formation of the pattern to buy near the mentioned support level, we expect the suspension of decline and the subsequent growth with the far target of growth, - the level of the minimum profitability of the market maker (1804.29).
In case of consolidation above the mentioned resistance level, hedge resistance area (1825.00) will be the next upside target.
A 2% increase in market volume and a 10% outperformance of buyers on the new Commitments of Traders reports further support the above scenario.
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📌 On formation of the pattern to buy near the mentioned support level, we expect the suspension of decline and the subsequent growth with the far target of growth, - the level of the minimum profitability of the market maker (1804.29).
In case of consolidation above the mentioned resistance level, hedge resistance area (1825.00) will be the next upside target.
A 2% increase in market volume and a 10% outperformance of buyers on the new Commitments of Traders reports further support the above scenario.
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⏳ Gold: market maker balance termination will show priority. 
♻️ In case of fixation below the balance of the week level (1765.00) we expect a decline with the target,- limit buyer level (1742.35).
At formation of a pattern to buy near the level of the limit buyer (1742.35) we expect subsequent rise with the target benchmark - the level of the balance of the week (1765.00).
⚙️ On break and consolidation above the mentioned resistance we expect further upside with the ultimate benchmark,- limit seller (1767.53).
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✅ Gold: hedger zone successfully tested. 
🌐 The nearest support level for today is the limit buyer (1744.07).
💬 In case of decline to the indicated support level, we expect formation of a buy pattern and subsequent rise with the limit seller (1767.15) as the target.
The medium-term growth target is the loss of the market maker (1801.12).
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💸 Gold: pay attention, spreading the hedge zone! 
🌐 The asset is currently trading inside the hedger resistance zone (1760.00-1770.74).
The closest support for today is the limit buyer (1749.77).
💠 In case of a successful test of this support, the minimum upside target is hedge resistance zone premium level (1770.74).
Further resistance for Wednesday, October 13, is market maker's loss level (1800.24).
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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.
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.