📌 Gold: analyst review for 7-11.06.2021.
Gold is expected to continue to rise during the new trading week as the bullish dominance of CoT reports has increased by an additional 1%.
The unidirectional nature of the move during the new week confirms the reduction of locked positions by 3%.
📝 A 2% decrease in market volume at the same time indicates a likely weakness in the upside during the new week.
The key medium-term support is the hedge zone premium level (1867.22).
💡 In case of a successful test of the mentioned option support, we expect a rise with a target: market maker's loss level (1931.23).
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The unidirectional nature of the move during the new week confirms the reduction of locked positions by 3%.
📝 A 2% decrease in market volume at the same time indicates a likely weakness in the upside during the new week.
The key medium-term support is the hedge zone premium level (1867.22).
💡 In case of a successful test of the mentioned option support, we expect a rise with a target: market maker's loss level (1931.23).
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Trade active:
⏳ Gold: unwinding the balance of the week will show priority.
♻️ In case of fixation below the balance of the week level (1885.00) we expect a decline with the target,- limit buyer (1878.06).
In case of formation of pattern to buy near the limit buyer (1878.06) we expect further rise with the target landmark,- level of limit seller (1903.99).
⚙️ On break and consolidation above the mentioned resistance, we expect further upside with ultimate benchmark,- strike level of weekly hedge resistance area (1915.00).
In case of formation of pattern to buy near the limit buyer (1878.06) we expect further rise with the target landmark,- level of limit seller (1903.99).
⚙️ On break and consolidation above the mentioned resistance, we expect further upside with ultimate benchmark,- strike level of weekly hedge resistance area (1915.00).
Trade active:
⚠️ Gold: rising trend continues.
Worked with a false break from the rebound from the balance of the week level (1885.00) indicated in yesterday's trading idea over the past 24 hours.
📌 In case of a test of the limit buyer (1889.13) we expect the formation of the pattern to buy.
The nearest landmark for upward momentum continuation in the direction of the long-term trend is the limit seller (1909.41).
📝 Under the alternative scenario: fixing below the limit buyer (1889.13), lowering to the balance of the week (1885.00) is expected.
📌 In case of a test of the limit buyer (1889.13) we expect the formation of the pattern to buy.
The nearest landmark for upward momentum continuation in the direction of the long-term trend is the limit seller (1909.41).
📝 Under the alternative scenario: fixing below the limit buyer (1889.13), lowering to the balance of the week (1885.00) is expected.
Trade active:
📌 Gold: balance of the week successfully tested!
💡 Trading results for Tuesday, June 9, the asset closed above the balance of the week level (1885.00), which was successfully tested.
In case of a corrective decline during the day to the limit buyer, we expect a subsequent rise intraday with the target,- limit seller (1902.35).
💠 Downside gains of $67m near limit seller (1902.35) points to this mark as the ultimate upside target for today.
In case of a corrective decline during the day to the limit buyer, we expect a subsequent rise intraday with the target,- limit seller (1902.35).
💠 Downside gains of $67m near limit seller (1902.35) points to this mark as the ultimate upside target for today.
Trade active:
⚠️ Gold: hedgers supported growth.
📌 Hedgers support level (1875.00) has been tested over the past 24 hours.
Should the limit buyer (1892.89) be tested and a buy pattern formed, expect a rise during the US session to the limit seller level (1906.25).
📝 On fixation below the mentioned support we expect the subsequent decrease to the level of the maximum profit of the market maker (1885.00).
Should the limit buyer (1892.89) be tested and a buy pattern formed, expect a rise during the US session to the limit seller level (1906.25).
📝 On fixation below the mentioned support we expect the subsequent decrease to the level of the maximum profit of the market maker (1885.00).
