❗️ Gold: waiting for the retest of the balance of the week!
The closest resistance for the pre-market Europe is the option balance of the day level (1780.23).
💡 The main scenario before the opening of the American trading session is the breakdown of the level of 1780.23 and the further rise to the price level of 1788.21, where the limit seller is.
🔥 In case of formation of the pattern on sale near the level of the limit seller (1788.21) we expect the impulse to decrease with the target benchmark - the balance of the week (1765.00).
Close location of limit buyer level (1765.43) additionally strengthens the probability of rebound from the balance of the week.
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💡 The main scenario before the opening of the American trading session is the breakdown of the level of 1780.23 and the further rise to the price level of 1788.21, where the limit seller is.
🔥 In case of formation of the pattern on sale near the level of the limit seller (1788.21) we expect the impulse to decrease with the target benchmark - the balance of the week (1765.00).
Close location of limit buyer level (1765.43) additionally strengthens the probability of rebound from the balance of the week.
🤔 Like the idea? 👍 like it ✍️ write a comment
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