📌 Gold: weekly options analysis for May 17-21.
Last trading week saw a net outperformance of buyers on current CoT reports up 20%.
Market volume rose by an additional 14% to a cash equivalent of $258bn 857m.
📝 The number of locked investor positions at the same time increased by 12%, 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 test of the balance of the week (1825.00), we expect a further rise to the close of the trading week with a target of a market-maker's loss (1858.17).
🔥 Increase in downside positions totaling $141 million further enhances the probability of reaching the market maker's loss level.
In case the alternative scenario develops: fixing below the weekly balance (1825.00) we expect a decline to the round figure level of 1800.00, where buy orders of a total volume of $198 million are located.
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Market volume rose by an additional 14% to a cash equivalent of $258bn 857m.
📝 The number of locked investor positions at the same time increased by 12%, 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 test of the balance of the week (1825.00), we expect a further rise to the close of the trading week with a target of a market-maker's loss (1858.17).
🔥 Increase in downside positions totaling $141 million further enhances the probability of reaching the market maker's loss level.
In case the alternative scenario develops: fixing below the weekly balance (1825.00) we expect a decline to the round figure level of 1800.00, where buy orders of a total volume of $198 million are located.
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Trade active:
💡 Gold: marketmaker resistance is close!
💠 As of now, the safe haven currency quotes have settled close to the market maker loss level (1857.96).
The main scenario for today is to continue rising during the European trading session with targets: market maker loss (1857.96) and limit seller (1861.53).
📝 In case of stoppage of growth and formation of sell pattern during the American trading session we expect correctional decline with the nearest target,- round numbers level (1850.00).
The main scenario for today is to continue rising during the European trading session with targets: market maker loss (1857.96) and limit seller (1861.53).
📝 In case of stoppage of growth and formation of sell pattern during the American trading session we expect correctional decline with the nearest target,- round numbers level (1850.00).
Trade active:
📌 Gold: price has consolidated in the market maker's loss zone!
💡 As of trading results for Monday, May 17, the asset closed above the market maker's minimum profit level (1862.04).
In case of a successful test of the mentioned option level, we expect a subsequent intraday rise with a limit seller (1878.62) as a target.
💠 A $70m downside gain near the hedge zone (1900.00) points to this level as the ultimate upside target.
If breakdown and consolidation below market maker's loss (1862.04) the next medium-term support will be the balance of the week (1835.00).
The dynamic rise of the balance of the week by one strike (from 1830.00) further confirms the upward nature of the trend within the week.
In case of a successful test of the mentioned option level, we expect a subsequent intraday rise with a limit seller (1878.62) as a target.
💠 A $70m downside gain near the hedge zone (1900.00) points to this level as the ultimate upside target.
If breakdown and consolidation below market maker's loss (1862.04) the next medium-term support will be the balance of the week (1835.00).
The dynamic rise of the balance of the week by one strike (from 1830.00) further confirms the upward nature of the trend within the week.
Trade active:
💬 Gold: speculators are holding a tight intraday corridor!
Over the past 24 hours, the asset has worked out speculative interest with a false breakdown, from limit buyer (1858.91) to limit seller (1880.05).
🎯 In case of successful test of today's actual level inside the daily buyers (1864.23) we expect further rise with nearest target,- balance of the day (1881.56).
In case of breakdown and fixation below the option price level at 1864.23 we expect further decline to the balance of the week (1835.00).
🎯 In case of successful test of today's actual level inside the daily buyers (1864.23) we expect further rise with nearest target,- balance of the day (1881.56).
In case of breakdown and fixation below the option price level at 1864.23 we expect further decline to the balance of the week (1835.00).
Trade active:
🔹 Gold: main scenario in action.
📊 Over the past 24 hours, the main scenario we wrote about yesterday was successfully worked out: a successful test of the market maker's loss (1864.23) and the subsequent rise to the balance of the day (1881.56).
The key resistance for the last working day of the week is the current seller's limit level for today (1883.48).
⚙️ In case of successful test of the mentioned resistance level we expect subsequent decrease with the nearest target - the level of minimal profit of the market-maker (1865.09).
In case of breakdown and fixation below the level of 1865.09, we expect decline to the close of the trading day with the target of the week balance (1845.00).
The key resistance for the last working day of the week is the current seller's limit level for today (1883.48).
⚙️ In case of successful test of the mentioned resistance level we expect subsequent decrease with the nearest target - the level of minimal profit of the market-maker (1865.09).
In case of breakdown and fixation below the level of 1865.09, we expect decline to the close of the trading day with the target of the week balance (1845.00).
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