CME-Elliot

CME-Elliot

The GOLD trading instrument will most likely continue its decline from the 50%-61.8% Fibo range within wave (C). The downside targets are the huge accumulation of PUT options that CME professional participants use to hedge their futures contracts at the 1750, 1720 and 1700 levels. At the level of 1750, at the moment, there are hedgers (professional market...

CME-Elliot

It is likely that the trading instrument will decrease in wave (c) with initial targets in the area of ​​accumulation of PUT option contracts, with which professional market participants hedge their BUY futures transactions, in the amount of $840M and $838M. Upon reaching these levels, it is very likely that a corrective growth will occur, followed by a...