📌 Gold: weekly review for 26-30.04.2021.
🏁 According to the US Commodity Futures Trading Commission, the net outperformance of buyers increased by 6% to a cash equivalent of $233bn 580m.
Market volume was also up 6%, confirming the veracity of the stealthy bullish positioning over the past trading week.
At the same time, it should be noted that the number of investors' locked positions increased by 4%, which indicates that the asset's quotations are likely to flop in the price corridor on the daily timeframe during the new trading week.
⭐️ The nearest support level within the week is an option level at 1760.00.
On formation of the pattern to buy near the mentioned support we expect the impulse increase till the end of the trading week.
Intermediate growth target is the balance of the week (1780.00), final growth target before the close of the new week is the market maker's loss level (1810.15).
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Market volume was also up 6%, confirming the veracity of the stealthy bullish positioning over the past trading week.
At the same time, it should be noted that the number of investors' locked positions increased by 4%, which indicates that the asset's quotations are likely to flop in the price corridor on the daily timeframe during the new trading week.
⭐️ The nearest support level within the week is an option level at 1760.00.
On formation of the pattern to buy near the mentioned support we expect the impulse increase till the end of the trading week.
Intermediate growth target is the balance of the week (1780.00), final growth target before the close of the new week is the market maker's loss level (1810.15).
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Trade active:
💡 Gold: trading near marketmaker balance early in the week.
📌 The closest support level for today is the options balance of the day (1777.93).
The main scenario is a break of 1777.93 and a subsequent decline towards the limit buyer (1763.65).
🔰 If a buy pattern is formed near the price level of 1763.65, expect a rise with the ultimate target before the currency close,- limit seller (1787.66).
The main scenario is a break of 1777.93 and a subsequent decline towards the limit buyer (1763.65).
🔰 If a buy pattern is formed near the price level of 1763.65, expect a rise with the ultimate target before the currency close,- limit seller (1787.66).
Trade active:
🔰 Gold: the balance of the week stretching continues.
💠 In case of breakdown and fixation below the balance of the week (1780.00) we expect a further decline during the European trading session to the limit buyer (1769.03).
⭐️ The main scenario today is successful test of the limit buyer level (1769.03) and further rise with the target, the limit seller (1790.96).
The intermediate upside target in this case is the balance of the week (1780.00).
⭐️ The main scenario today is successful test of the limit buyer level (1769.03) and further rise with the target, the limit seller (1790.96).
The intermediate upside target in this case is the balance of the week (1780.00).
Trade active:
📊 Gold: entrenched below the balance of the week, what next?
🌐 Last working day's close below the balance of the week (1780.00) suggests a likely continuation of a corrective decline during the current working day.
In case of rising to the nearest resistance area of 1778.87-1782.13 (balance of the day and limit buyer) we expect formation of sell pattern and subsequent decline to close the currency day.
💎 Most likely, during the European session the limit buyer (1767.95) will be broken and the price will go to the next option support, which is 1760.00.
In case of rising to the nearest resistance area of 1778.87-1782.13 (balance of the day and limit buyer) we expect formation of sell pattern and subsequent decline to close the currency day.
💎 Most likely, during the European session the limit buyer (1767.95) will be broken and the price will go to the next option support, which is 1760.00.
Trade active:
💬 Gold: balance of the week broken,- correction over?
🔰 Trading results for Wednesday, April 28, the asset closed above the balance of the week (1780.00).
🏁 Today during the day, expect a deep corrective decline to the limit buyer (1769.30).
With the formation of a buy pattern near the said support, we expect a subsequent rise with the ultimate target for today,- limit seller (1792.60).
🏁 Today during the day, expect a deep corrective decline to the limit buyer (1769.30).
With the formation of a buy pattern near the said support, we expect a subsequent rise with the ultimate target for today,- limit seller (1792.60).
Trade active:
📝 Gold: balance of the week dynamically down.
💠 Over the past trading day, the weekly balance of the market maker has dynamically declined from a quote of 1780.00 to a price point of 1775.00.
In case of a successful test of the limit seller (1776.76), expect a decline with intermediate target,- limit buyer (1765.10).
⭐️ In case of breakdown and fixation below the mentioned price level, the strike level of weekly hedge support area (1750.00) is the final downside target before the end of the trading week.
In case of a successful test of the limit seller (1776.76), expect a decline with intermediate target,- limit buyer (1765.10).
⭐️ In case of breakdown and fixation below the mentioned price level, the strike level of weekly hedge support area (1750.00) is the final downside target before the end of the trading week.
