📌 Gold: weekly options analysis for July 19-23.
Last trading week saw a net outperformance of buyers on current CoT reports up 4%.
Market volume rose by an additional 6% to a cash equivalent of $238bn 614m.
📝 The number of locked-in investor positions at the same time increased by 8%, which leads us to speculate about a possible corrective decline in gold prices during the first half of the new trading week.
In case of a successful hedge support zone (1799.67), we expect a further rise to the close of the trading week with a target of 1855.18 market maker's loss.
🔥 Increase in downside positions totaling $85m further enhances the probability of reaching the market maker's loss level.
In case the alternative scenario develops: fixation below the option price level at 1799.67 we expect a decline to the market maker support level (1780.09).
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Market volume rose by an additional 6% to a cash equivalent of $238bn 614m.
📝 The number of locked-in investor positions at the same time increased by 8%, which leads us to speculate about a possible corrective decline in gold prices during the first half of the new trading week.
In case of a successful hedge support zone (1799.67), we expect a further rise to the close of the trading week with a target of 1855.18 market maker's loss.
🔥 Increase in downside positions totaling $85m further enhances the probability of reaching the market maker's loss level.
In case the alternative scenario develops: fixation below the option price level at 1799.67 we expect a decline to the market maker support level (1780.09).
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Trade active:
⏳ Gold: the spreading of the balance of the day will show the priority.
♻️ In case of fixing below the balance of the day level (1815.15) we expect a decline with the target,- limit buyer (1800.55).
At formation of pattern on purchase near limit buyer (1800.55) we expect the subsequent increase with a target benchmark,- limit seller (1823.87).
⚙️ On break and consolidation above the mentioned resistance we expect further upside with final target,- market maker loss (1855.13).
At formation of pattern on purchase near limit buyer (1800.55) we expect the subsequent increase with a target benchmark,- limit seller (1823.87).
⚙️ On break and consolidation above the mentioned resistance we expect further upside with final target,- market maker loss (1855.13).
Trade active:
⚠️ Gold: will there be a consolidation above the balance of the week?
The closest support for today is the balance of the day (1809.58).
📌 In case of price range test of the balance of the day and the limit buyer (1809.58-1800.70), we expect formation of buying pattern.
The nearest landmark for upward momentum continuation in the direction of the long-term trend is the limit seller (1827.72).
📌 In case of price range test of the balance of the day and the limit buyer (1809.58-1800.70), we expect formation of buying pattern.
The nearest landmark for upward momentum continuation in the direction of the long-term trend is the limit seller (1827.72).
Trade active:
💸 Gold: is the market maker in the sweet spot?
🌐 The nearest support is the limit buyer (1801.66).
Should the said option support (1801.66) be successfully tested, expect a subsequent rise to the balance of the week (1815.00).
💠 Far resistance for Wednesday, June 21, is the limit seller (1818.61).
Should the said option support (1801.66) be successfully tested, expect a subsequent rise to the balance of the week (1815.00).
💠 Far resistance for Wednesday, June 21, is the limit seller (1818.61).
Trade active:
👉 Gold: when to continue rising?
💠 The nearest support for today is the limit buyer (1796.83).
📝 In case of successful test of today's actual limit buyer level (1796.83), we expect the subsequent rise with the nearest target to close the trading day,- limit seller (1810.01).
In case of breakdown and fixation above the mentioned price level, we expect rise to weekly balance (1815.00).
📝 In case of successful test of today's actual limit buyer level (1796.83), we expect the subsequent rise with the nearest target to close the trading day,- limit seller (1810.01).
In case of breakdown and fixation above the mentioned price level, we expect rise to weekly balance (1815.00).
Trade active:
⚠️ Gold: balance of the week planned test?
📌 The option balance of the week has dropped dynamically over the past 24 hours (towards 1810.00).
The nearest support for today is the limit buyer (1800.10).
In case of decrease to limit buyer and formation of buying pattern we expect rise during US session to the level of limit seller (1808.78).
The nearest support for today is the limit buyer (1800.10).
In case of decrease to limit buyer and formation of buying pattern we expect rise during US session to the level of limit seller (1808.78).
