💰 Gold: weekly forecast for 10-14.05.2021.
💡 Total market volume increased by 1%, boosting gold derivatives capitalisation to $227bn 267m.
Meanwhile, institutional investors reduced the net bullish outperformance by 2% from a week ago.
A partial 2% increase in investors' locked positions suggests a likely flattening of the asset's price corridor on the daily timeframe during the new trading week.
The nearest resistance on the daily is the round number level (1850.00), where significant sell orders are located.
🔰 In case of a successful test of the mentioned resistance, we expect a decline to the market maker's loss level (1806.43).
In case of breakdown and fixation above 1850.00 we expect an increase to the price level of 1860.00.
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Meanwhile, institutional investors reduced the net bullish outperformance by 2% from a week ago.
A partial 2% increase in investors' locked positions suggests a likely flattening of the asset's price corridor on the daily timeframe during the new trading week.
The nearest resistance on the daily is the round number level (1850.00), where significant sell orders are located.
🔰 In case of a successful test of the mentioned resistance, we expect a decline to the market maker's loss level (1806.43).
In case of breakdown and fixation above 1850.00 we expect an increase to the price level of 1860.00.
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Trade active:
⏳ Gold: the spreading of the balance of the day will show the priority.
♻️ In case of fixing below the balance of the day level (1830.45), we expect a decline with a limit buy target,- limit buy (1820.14).
At formation of pattern on purchase near the limit buyer (1820.14) we expect the following increase with the target landmark,- level of market maker's loss (1842.48).
⚙️ On breakdown and fixation above the mentioned resistance we expect subsequent rise with final benchmark,- limit seller (1847.48).
At formation of pattern on purchase near the limit buyer (1820.14) we expect the following increase with the target landmark,- level of market maker's loss (1842.48).
⚙️ On breakdown and fixation above the mentioned resistance we expect subsequent rise with final benchmark,- limit seller (1847.48).
Trade active:
💠 Gold: market maker losing profit!
✍️ For the second working day in a row, the market maker's minimum profit level (1844.04) prevents the asset quotations from continuing to rally.
In case of a breakdown during the trading day above the balance of the day (1837.81), we expect an increase to the current level of the lowest net profit of the market maker (1844.04).
💡 The downside target before the day's close is the strike of the weekly hedge resistance zone (1830.00).
In case of a breakdown during the trading day above the balance of the day (1837.81), we expect an increase to the current level of the lowest net profit of the market maker (1844.04).
💡 The downside target before the day's close is the strike of the weekly hedge resistance zone (1830.00).
Trade active:
💸 Gold: attention, the balance of the week is dynamically up!
🌐 Over the past trading day, the weekly balance of the week has dynamically moved up from a price point of 1810.00 to a quote of 1815.00.
The closest resistance for today is the balance of the day (1836.30).
💠 In case of a successful test of the balance of the day, the minimal downside target is the limit buyer (1824.79).
Further resistance for Wednesday, May 12 is limit seller (1843.10).
On formation of sell pattern near limit seller (1843.10), we expect medium-term decline with target,-weekend balance 1815.00.
The closest resistance for today is the balance of the day (1836.30).
💠 In case of a successful test of the balance of the day, the minimal downside target is the limit buyer (1824.79).
Further resistance for Wednesday, May 12 is limit seller (1843.10).
On formation of sell pattern near limit seller (1843.10), we expect medium-term decline with target,-weekend balance 1815.00.
Trade active:
👉 Gold: on the face of it, jeweller limit seller's level has been worked out.
💠 The limit seller indicated in yesterday's trading idea (1843.10) was successfully tested over the past 24 hours.
The weekly balance (1815.00) was reached before the close of the trading day.
📝 In case of successful test of limit seller (1825.24) we expect further decline with ultimate target before close of trading day,- limit buyer (1809.00).
The weekly balance (1815.00) was reached before the close of the trading day.
📝 In case of successful test of limit seller (1825.24) we expect further decline with ultimate target before close of trading day,- limit buyer (1809.00).
Trade active:
⚠️ Gold: balance of the week is scheduled to be tested.
📌 The option balance of the week level (1815.00) has been routinely tested over the past 24 hours.
In case of rise to limit seller and formation of sell pattern we expect a decline during the US session to the limit buyer level (1818.46).
📝 In case of fixation below the mentioned support we expect the further decrease to the level of the maximum profit of the market maker (1815.00).
In case of rise to limit seller and formation of sell pattern we expect a decline during the US session to the limit buyer level (1818.46).
📝 In case of fixation below the mentioned support we expect the further decrease to the level of the maximum profit of the market maker (1815.00).
