📌 Gold: analyst review for 5-9.07.2021.
Gold is expected to continue to fall during the new trading week as the bullish dominance of CoT reports has been further reduced by 4%.
The unidirectional nature of the move during the new week confirms the 9% decrease in locked positions.
📝 A 5% decrease in market volume at the same time indicates a likely weakness in the decline during the new week.
Key medium-term resistance is the strike level of the hedge zone (1800.00).
💡 In case of a successful test of the mentioned option resistance, we expect a decline with targets: balance of the week (1780.00) and market maker loss (1746.08).
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The unidirectional nature of the move during the new week confirms the 9% decrease in locked positions.
📝 A 5% decrease in market volume at the same time indicates a likely weakness in the decline during the new week.
Key medium-term resistance is the strike level of the hedge zone (1800.00).
💡 In case of a successful test of the mentioned option resistance, we expect a decline with targets: balance of the week (1780.00) and market maker loss (1746.08).
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Trade active:
⏳ Gold: unwinding of the balance of the day will show priority.
♻️ In case of fixation below the balance of the day level (1780.00) we expect a decline with the target,- limit buyer (1772.49).
At formation of pattern on purchase near the current prices we expect the subsequent increase with a target benchmark - level of the limit seller (1800.20).
⚙️ On rebound and consolidation below the mentioned resistance we expect subsequent decrease with final target,- limit buyer (1772.49).
At formation of pattern on purchase near the current prices we expect the subsequent increase with a target benchmark - level of the limit seller (1800.20).
⚙️ On rebound and consolidation below the mentioned resistance we expect subsequent decrease with final target,- limit buyer (1772.49).
Trade active:
💠 Gold: market maker losing profit!
✍️ The nearest resistance for today is the limit seller (1805.19).
In case of a break above the limit seller (1805.19) during the trading day, we expect a rise to the current premium level of the hedge resistance zone (1810.30).
💡 The downside target before the close of the day is the balance of the day (1783.43).
In case of a break above the limit seller (1805.19) during the trading day, we expect a rise to the current premium level of the hedge resistance zone (1810.30).
💡 The downside target before the close of the day is the balance of the day (1783.43).
Trade active:
📌 Gold: spreading hedger resistance zone.
💡 The nearest resistance for today is the limit seller (1804.48).
Further resistance is hedgers zone (1809.45).
💠 On a rebound from the limit seller level (1804.48), the next medium-term support will be the balance of the week (1785.00).
Limit buy (1781.46) will be the final downside target before the close of the day.
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Further resistance is hedgers zone (1809.45).
💠 On a rebound from the limit seller level (1804.48), the next medium-term support will be the balance of the week (1785.00).
Limit buy (1781.46) will be the final downside target before the close of the day.
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Trade active:
⚠️ Gold: balance of the week routinely tested.
📌 The option balance of the week level (1795.00) has been routinely tested over the past 24 hours.
In case of decrease to limit buyer (1795.87) and formation of buying pattern, we expect a rise during the US session to the limit seller level (1811.60).
📝 On fixing above the mentioned resistance, we expect the subsequent rise to the maximum profit level of the market maker (1821.08).
In case of decrease to limit buyer (1795.87) and formation of buying pattern, we expect a rise during the US session to the limit seller level (1811.60).
📝 On fixing above the mentioned resistance, we expect the subsequent rise to the maximum profit level of the market maker (1821.08).
