⚙️ Gold: invest ideas on 03-07.05.2021.
💎 Overall market volume is down 3% on new CoT reports, suggesting a weak bearish move during the second half of the past trading week.
Buyers' preponderance decreased by 3%, indicating a likely continuation of the decline in the asset's quotations during the first half of the new trading week.
Institutional investors reduced locked positions by 7%, giving the green light for a unidirectional move within the trading week.
The nearest support level inside the trading week is the market maker's option balance (1760.00).
🔰 In case of breakdown and fixation below this price level, we expect the decline to the important support - 1750.00, near which Smart Money placed limit buy orders with the total volume over $450 million.
At formation of pattern on purchase near a price of 1750.00 the nearest target of growth till the end of trading week the price of 1775.48 acts.
The strategic upside target in this case is the circular level at 1800.00, where the Market Owners want to lock in some bullish positions.
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Buyers' preponderance decreased by 3%, indicating a likely continuation of the decline in the asset's quotations during the first half of the new trading week.
Institutional investors reduced locked positions by 7%, giving the green light for a unidirectional move within the trading week.
The nearest support level inside the trading week is the market maker's option balance (1760.00).
🔰 In case of breakdown and fixation below this price level, we expect the decline to the important support - 1750.00, near which Smart Money placed limit buy orders with the total volume over $450 million.
At formation of pattern on purchase near a price of 1750.00 the nearest target of growth till the end of trading week the price of 1775.48 acts.
The strategic upside target in this case is the circular level at 1800.00, where the Market Owners want to lock in some bullish positions.
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Trade active:
🌐 Gold: limit seller will pause the rise in the Asian session?
✅ The nearest resistance for today is the limit seller (1782.12).
In case of formation of a sell pattern near the mentioned option mark we expect further decline with the medium-term target, i.e. the balance of the week (1760.00).
⭐️ In case of breakdown and fixation below the mentioned option support we expect subsequent decrease to the limit buyer (1755.36).
In case of formation of a sell pattern near the mentioned option mark we expect further decline with the medium-term target, i.e. the balance of the week (1760.00).
⭐️ In case of breakdown and fixation below the mentioned option support we expect subsequent decrease to the limit buyer (1755.36).
Trade active:
⭐️ Gold: implementation of alternative scenario as new opportunities.
Over the past 24 hours, the asylum currency quotations have risen by breaking through the nearest resistance level at the price level of 1782.12.
In fact, institutional investors lost the "Battle of Waterloo". But the breakout of the seller's limit level (1782.12) by itself cannot a priori put an end to Smart Money's existence.
📊 Smart Money will definitely use this opportunity to take medium-term bearish positions at the most favorable prices, and what will we - private traders and investors, who actually act as "parasites on the existence of Smart Money", do in this vein?
We suggest to approach the matter constructively and make the most of this trading situation - as they say "no fear and no greed".
The key resistance within the week at the moment is the 1800.00-1805.71 price range, where the hedge zone and the market maker's loss level are located.
🔰 Location in the mentioned price range of the seller limit level (1803.13) additionally gives grounds to assume about probable achievement of the mentioned resistance area in the nearest future.
In this context, in case of a successful test of the limit buyer level (1782.76) and the subsequent formation of a pattern to buy, we expect a subsequent intraday rise to the level of round numbers (1800.00).
It should not be forgotten that the buying bias on the current CoT reports decreased by 3%, as we wrote about back in our weekly forecast this weekend.
The big participants were picking up medium-term sales in gold at less favourable prices as early as last week. What do you think Smart Money will do now, when prices for those willing to sell the asset are more than attractive? Waiting for your opinion in the comments.
In fact, institutional investors lost the "Battle of Waterloo". But the breakout of the seller's limit level (1782.12) by itself cannot a priori put an end to Smart Money's existence.
📊 Smart Money will definitely use this opportunity to take medium-term bearish positions at the most favorable prices, and what will we - private traders and investors, who actually act as "parasites on the existence of Smart Money", do in this vein?
We suggest to approach the matter constructively and make the most of this trading situation - as they say "no fear and no greed".
The key resistance within the week at the moment is the 1800.00-1805.71 price range, where the hedge zone and the market maker's loss level are located.
🔰 Location in the mentioned price range of the seller limit level (1803.13) additionally gives grounds to assume about probable achievement of the mentioned resistance area in the nearest future.
In this context, in case of a successful test of the limit buyer level (1782.76) and the subsequent formation of a pattern to buy, we expect a subsequent intraday rise to the level of round numbers (1800.00).
It should not be forgotten that the buying bias on the current CoT reports decreased by 3%, as we wrote about back in our weekly forecast this weekend.
The big participants were picking up medium-term sales in gold at less favourable prices as early as last week. What do you think Smart Money will do now, when prices for those willing to sell the asset are more than attractive? Waiting for your opinion in the comments.
Trade active:
💠 Gold: hedge zone has paused growth, what next?
🏁 A successful test of the limit buyer level (1782.76), which we wrote about yesterday, provided a profitable buying opportunity.
The upside targets were minimal,- 1800.00, as the main scenario according to the weekly forecast,- continuation of medium-term decline.
💎 In fact, with a slight underperformance we worked off the price mark of the hedger resistance zone 1800.00.
Today in case of a successful test of the balance of the day (1776.05) we expect an intraday rise with a minimum target,- limit seller (1789.05).
In case of breakdown and fixation below the balance of the day level (1776.05), alternative intraday scenario will be realized: decrease to the level of limit buyer (1767.64).
The upside targets were minimal,- 1800.00, as the main scenario according to the weekly forecast,- continuation of medium-term decline.
💎 In fact, with a slight underperformance we worked off the price mark of the hedger resistance zone 1800.00.
Today in case of a successful test of the balance of the day (1776.05) we expect an intraday rise with a minimum target,- limit seller (1789.05).
In case of breakdown and fixation below the balance of the day level (1776.05), alternative intraday scenario will be realized: decrease to the level of limit buyer (1767.64).
Trade active:
💠 Gold: successful working off the duo of balance of the day and limit seller.
💡 In line with our main scenario of developments over the past trading day successfully worked out the balance of the day test (1776.05) and the subsequent rise to the limit seller (1789.05).
Current for Thursday, May 6, the balance of the day is located at the price point of 1784.43.
📌 In case of a successful test of 1784.43 price point, we expect the subsequent rise with the minimum target,- limit seller 1795.13.
Current for Thursday, May 6, the balance of the day is located at the price point of 1784.43.
📌 In case of a successful test of 1784.43 price point, we expect the subsequent rise with the minimum target,- limit seller 1795.13.
Trade active:
📊 Gold: market maker at loss on weekly contracts!
Over the past 24 hours, the asylum currency quotes have gone beyond the upper limit of the market maker's profit zone (1806.00).
♻️ Today during the day, we expect a pause in growth in the price range of 1822.88-1826.03, where the hedge zone premium level and limit seller is located.
🔥 The minimum downside target is the balance of the day (1815.79), maximum, is the market maker loss level (1806.09).
♻️ Today during the day, we expect a pause in growth in the price range of 1822.88-1826.03, where the hedge zone premium level and limit seller is located.
🔥 The minimum downside target is the balance of the day (1815.79), maximum, is the market maker loss level (1806.09).
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