💡 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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