Forex_Times

📝 Gold: trading ideas for September 6-10.

Long
Forex_Times Mis à jour   
OANDA:XAUUSD   Or / Dollar Américain
The overall market is down 2% on new CoT report data, indicating a likely weak continuation of gains during the new trading week.
📌 Buy outperformance increased by 4% and the number of locked positions decreased by 7%, indicating a likely unidirectional move in the asset's quotations during the new trading week.
The nearest support within the trading week is the option balance (1815.00).
💡 In case of successful test of the mentioned support we expect the subsequent rise to the level of marketmaker's loss (1854.13).
In case of breakdown and fixation above the mentioned price level, we expect increase to the premium level of hedge resistance zone (1860.01).
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Transaction en cours:
⏳ Gold: the unwinding of the balance of the week will show the priority. ♻️ In case of fixing above the balance of the week level (1815.00), we expect its subsequent retest during the current currency day.
In case of formation of the pattern to buy near the balance level of the market maker (1815.00), further rise is expected with the limit seller level (1839.40) as a target.
⚙️ On breakdown and fixation above the mentioned resistance we expect subsequent rise with final benchmark,- market maker loss (1854.35).
Transaction en cours:
⏳ Gold: investors are buying the safe haven currency. ♻️ Today during the current currency day, expect a market maker balance test (1815.00).
On formation of the pattern to buy near the level of the limiting buyer (1815.69) we expect the subsequent rise with the target landmark, the level of the limiting seller (1838.98).
⚙️ On breakdown and consolidation below the balance of the week (1815.00) we expect subsequent decline with ultimate benchmark,- hedge support zone (1800.00).
Transaction en cours:
💬 Gold: asset is down, but investors are buying! 🔹 The nearest support for today is a limit buyer (1787.39).
Subsequent medium-term support is market maker loss level (1784.08).
💰 In case of successful test of limit buyer (1787.39) there will be an opportunity to buy profitably with final target,- limit seller (1804.66).
If a buy pattern is formed near the market maker's loss level (1784.08), we expect a medium-term upside with the target benchmark,- the market maker's highest net profit level (1810.00).
Transaction en cours:
👉 Gold: consolidate below market maker loss level? 💠 Over the past 24 hours, the asset has come close to the market maker loss level (1782.05).
The nearest support level for today is the limit buyer (1781.45).
📝 In case of successful test of limit buyer (1781.45) we expect further rise with ultimate target before close of trading day,- limit seller (1796.50).
Transaction en cours:
👉 Gold: has the hedge zone paused the decline? 💠 Over the past 24 hours, the asset's quotes continued to settle inside the hedger support zone (1800.00-1781.04).
The closest support for today is the limit buyer (1791.90).
📝 In case of successful test of limit buyer (1791.90) we expect further upside with ultimate target before the close of trading day,- balance of the week (1810.00).
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