📌 Gold: weekly options analysis on 2-6 August.
Last trading week the net outperformance of buyers on current CoT reports decreased by 3%.
Market volume declined by an additional 4% to a cash equivalent of $228bn 952m.
📝 The number of locked investor positions at the same time decreased by 1%, which gives us an indication of a possible unidirectional movement of gold prices during the new trading week.
The nearest medium-term support for the trading within the trading week is the market-maker's balance level (1810.00).
In case of breakdown of the mentioned option support, downside movement is expected with the loss target level of the market maker (1773.99).
In case of formation of buying pattern near market maker's loss level (1773.99) we expect subsequent rise till the trading week closing with the target benchmark,- market maker's balance (1810.00).
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Market volume declined by an additional 4% to a cash equivalent of $228bn 952m.
📝 The number of locked investor positions at the same time decreased by 1%, which gives us an indication of a possible unidirectional movement of gold prices during the new trading week.
The nearest medium-term support for the trading within the trading week is the market-maker's balance level (1810.00).
In case of breakdown of the mentioned option support, downside movement is expected with the loss target level of the market maker (1773.99).
In case of formation of buying pattern near market maker's loss level (1773.99) we expect subsequent rise till the trading week closing with the target benchmark,- market maker's balance (1810.00).
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Trade active:
⏳ Gold: the unwinding of the balance of the week will show the priority.
The nearest resistance for today is the limit seller (1825.03).
♻️ In case of successful test of the mentioned resistance and consolidation below the weekly balance (1810.00), we expect decline with the limit buyer (1802.52) as a target.
In case of breakdown and fixation below the limit buyer level (1802.59), we expect further decline with the target benchmark,- market maker loss level (1774.02).
♻️ In case of successful test of the mentioned resistance and consolidation below the weekly balance (1810.00), we expect decline with the limit buyer (1802.52) as a target.
In case of breakdown and fixation below the limit buyer level (1802.59), we expect further decline with the target benchmark,- market maker loss level (1774.02).
Trade active:
💠 Gold: rescind marketmaker balance.
✍️ Over the past 24 hours worked out with a false break test of the market maker balance level (1810.00).
In case of successful test of the limit seller level (1824.10) during the trading day, decrease to the current limit buyer level (1806.88) is expected.
💡 The next downside target before the day's close is the weekly market maker loss level (1775.26).
In case of successful test of the limit seller level (1824.10) during the trading day, decrease to the current limit buyer level (1806.88) is expected.
💡 The next downside target before the day's close is the weekly market maker loss level (1775.26).
Trade active:
💬 Gold: asset is slowly but surely getting cheaper.
🔹 The nearest resistance for today is the limit seller (1822.55).
💰 In case of a successful test of this resistance, we expect a decline to the level of the limit buyer (1804.32).
In case of breakdown and fixation below Limit Buy (1804.32), long term downside target is the market maker's loss level (1776.15).
💰 In case of a successful test of this resistance, we expect a decline to the level of the limit buyer (1804.32).
In case of breakdown and fixation below Limit Buy (1804.32), long term downside target is the market maker's loss level (1776.15).
Trade active:
💠 The nearest resistance for today is the limit seller (1817.61).
📝 In case of a successful test of the limit seller (1817.61) we expect a further decline with the nearest target before the close of the trading day,- limit buyer (1803.30).
In case of breakdown and fixation below the mentioned support we expect subsequent decrease till the trading week close to the loss of the market maker (1777.02).
📝 In case of a successful test of the limit seller (1817.61) we expect a further decline with the nearest target before the close of the trading day,- limit buyer (1803.30).
In case of breakdown and fixation below the mentioned support we expect subsequent decrease till the trading week close to the loss of the market maker (1777.02).
Trade active:
⚠️ Gold: consolidated below the balance of the week.
📌 The nearest resistance for today is the limit seller (1809.97).
In case of a rise to limit seller and formation of a sell pattern, expect a decline during the US session to the level of limit buyer (1799.01).
📝 In case of fixation below the mentioned support we expect the subsequent decrease to the level of the minimum profit of the market maker (1777.15).
In case of a rise to limit seller and formation of a sell pattern, expect a decline during the US session to the level of limit buyer (1799.01).
📝 In case of fixation below the mentioned support we expect the subsequent decrease to the level of the minimum profit of the market maker (1777.15).
