Forex_Times

📌 Gold: weekly options analysis for June 14-18.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last trading week the net outperformance of buyers on current CoT reports decreased by 1%.
Market volume decreased by an additional 1% to a cash equivalent of $257bn 88m.
📝 The number of locked investor positions at the same time decreased by 2%, which gives us an indication of a possible unidirectional movement of gold prices during the new trading week.
The nearest medium-term support in trading within the trading week is the strike level of the weekly hedge support area (1875.00).
In case of breakdown of the mentioned option support, downside movement is expected with the target, i.e. market-maker's loss level (1853.12).
In case of formation of pattern to buy near the level of marketmaker's loss (1853.12) we expect the subsequent rise till the trading week closing with the target benchmark,- marketmaker's balance (1889.83).
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Trade active: ⏳ Gold: hedger zone termination will show priority. ♻️ In case of consolidation below the premium level of weekly hedger support area (1864.65), we expect decline with the target, - market maker loss level (1853.04).
At formation of pattern on purchase near the level of marketmaker's loss (1853.04) we expect the subsequent rise with the target benchmark,- level of balance of the day (1879.82).
⚙️ On breakdown and fixation above the mentioned resistance we expect subsequent rise with final benchmark,- limit seller (1885.43).
Trade active: 💠 Gold: market maker losing profit? ✍️ Marketmaker loss level test (1853.04) has worked over the past day.
In case of testing during the trading day of the limit buyer level (1852.62), we expect increase to the current price level of the limit seller (1876.05).
💡 The subsequent upside target before the day's close is the weekly market maker balance (1885.00).
Trade active: 💬 Gold: market maker loss as key support. 🔹 Worked out the test of the limit buyer mentioned yesterday (1852.62) with jewellery over the past 24 hours.
💰 Corrective rise to close of trading week confirms close to market maker loss level (1847.06).
In case of a successful test of the balance of the day (1856.69) there will be an opportunity to buy profitably with the ultimate target,- limit seller (1872.22).
Trade active: 👉 Gold: expect a return to the market maker comfort zone. 💠 Over the past 24 hours, the asset has consolidated in the market maker's loss zone (below the 1844.31 level).
The nearest support level for today is the limit buyer (1813.51).
📝 In case of successful test of limit buyer (1813.51) we expect further rise with ultimate target before close of trading day,- limit seller (1825.98).
Trade active: 👉 Gold: hedger zone has paused the decline? 💠 Over the past 24 hours, the asset quotations have fallen to the premium level of the hedger support zone (1774.74).
The nearest support for today is the limit buyer (1766.64).
📝 In case of successful test of limit buyer (1766.64) we expect further upside with ultimate target before close of trading day,- limit seller (1788.32).