For more than three weeks in a row, the preponderance of buyers according to CoT reports has decreased.
π Over the past working week, buyers have reduced their net advantage by 3%. This confirms that the decline in gold will continue next week.
The total market volume decreased by 7%. Institutional investors are expecting a unidirectional movement within the week, as they closed 10% of their locked positions.
In this vein, touching the nearest resistance at 1750.00 will be a profitable opportunity to sell.
π The target is small - the loss of the market maker and the premium of the hedger zone (1729.03 - 1719.21).
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π Over the past working week, buyers have reduced their net advantage by 3%. This confirms that the decline in gold will continue next week.
The total market volume decreased by 7%. Institutional investors are expecting a unidirectional movement within the week, as they closed 10% of their locked positions.
In this vein, touching the nearest resistance at 1750.00 will be a profitable opportunity to sell.
π The target is small - the loss of the market maker and the premium of the hedger zone (1729.03 - 1719.21).
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π Gold: How Long Will Corrective Growth Last?
The nearest resistance is far away - the weekly balance level (1770.00).
βοΈ In case of breakdown and consolidation below the limit buyer (1739.08), the next medium-term support will be the minimum profit level of the options seller (1729.46).
β οΈ The main scenario for the European session is a rebound from a limit buyer (1739.08) and a subsequent rise. The nearest resistance is far away - the weekly balance level (1770.00).
βοΈ In case of breakdown and consolidation below the limit buyer (1739.08), the next medium-term support will be the minimum profit level of the options seller (1729.46).
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βοΈ Gold: hedgers are secretly buying
π‘ The main scenario of the development of events is a rebound from the indicated resistance and a subsequent decline to the optional level of growth of positions for an increase in the volume of $114 million.
β οΈ In case of a breakdown of the indicated support, we expect a subsequent decline to the price level of 1679.80, where a limit buy order with a volume of $48 million is located.
The nearest resistance on Tuesday, March 2, is the weekly loss level of the market maker (1729.04). π‘ The main scenario of the development of events is a rebound from the indicated resistance and a subsequent decline to the optional level of growth of positions for an increase in the volume of $114 million.
β οΈ In case of a breakdown of the indicated support, we expect a subsequent decline to the price level of 1679.80, where a limit buy order with a volume of $48 million is located.
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β οΈ Gold: bullish positions continue to set
βοΈ The main scenario for today is a rebound from the limit buyer (1712.06) and a subsequent rise to the level of the market maker's loss (1723.18).
If we fix above the price level 1723.18, we expect a further rise to the limit seller (1743.50).
π£ Further support in the event of a breakdown of the limit buyer will be the weekly option level at the price mark 1693.3, at which there is an increase in positions for an increase in volume of $ 53 million.
βοΈ The main scenario for today is a rebound from the limit buyer (1712.06) and a subsequent rise to the level of the market maker's loss (1723.18).
If we fix above the price level 1723.18, we expect a further rise to the limit seller (1743.50).
π£ Further support in the event of a breakdown of the limit buyer will be the weekly option level at the price mark 1693.3, at which there is an increase in positions for an increase in volume of $ 53 million.
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βοΈ Gold: what to do when the market maker is at a loss?
π₯ The main scenario for the development of events today is a rebound from the limit buyer (1690.38) and a subsequent rise to the limit seller (1710.57).
The maximum target of growth with a correctional increase before the upcoming expiration is the previously mentioned loss level of the market maker (1723.02).
π Over the past 24 hours, a re-test has been worked out on the reverse side of the market maker's loss level (1723.02). π₯ The main scenario for the development of events today is a rebound from the limit buyer (1690.38) and a subsequent rise to the limit seller (1710.57).
The maximum target of growth with a correctional increase before the upcoming expiration is the previously mentioned loss level of the market maker (1723.02).