📌 Gold: weekly options analysis for October 4-8.
Last trading week saw a net outperformance of buyers on current CoT reports down 13%.
Market volume fell 5% to a cash equivalent of $210bn 958m.
📝 The number of locked investor positions at the same time decreased by 5%, which gives us an indication of a unidirectional move during the new trading week.
In case of a successful test of the hedger resistance zone (1775.00) we expect a further decline to the close of the trading week with the target being the market-maker's balance (1755.00).
In case of fixation below the weekly balance (1775.00) we expect decrease to the market maker loss level of 1712.10.
🤔 Like the idea? 👍 like it ✍️ write a comment
Market volume fell 5% to a cash equivalent of $210bn 958m.
📝 The number of locked investor positions at the same time decreased by 5%, which gives us an indication of a unidirectional move during the new trading week.
In case of a successful test of the hedger resistance zone (1775.00) we expect a further decline to the close of the trading week with the target being the market-maker's balance (1755.00).
In case of fixation below the weekly balance (1775.00) we expect decrease to the market maker loss level of 1712.10.
🤔 Like the idea? 👍 like it ✍️ write a comment
Trade active:
⭐️ Gold: weekly balance area terminated, decline continues?
🎯 The nearest support for today is the option balance of the day (1758.37).
In case of a successful test of the said option support, we expect a subsequent rise to the price point of 1776.43, where the seller's limit level is located.
🔥 In the case of successful test of the limit seller (1776.43) during the European session, decrease with the weekly balance target (1755.00) is expected.
The subsequent downside target for the first working day is the limit buyer (1746.42).
In case of a successful test of the said option support, we expect a subsequent rise to the price point of 1776.43, where the seller's limit level is located.
🔥 In the case of successful test of the limit seller (1776.43) during the European session, decrease with the weekly balance target (1755.00) is expected.
The subsequent downside target for the first working day is the limit buyer (1746.42).
Trade active:
⭐️ Gold: will gold continue to decline?
🎯 The nearest resistance for today is the limit seller (1777.32).
In case of a successful test of the said option resistance, we expect a subsequent decline towards the price point of 1755.00, where the market maker's balance is located.
🔥 In case of break and fixation below the balance of the week (1755.00) we expect the decline with the target,- limit buyer (1749.38).
In case of a successful test of the said option resistance, we expect a subsequent decline towards the price point of 1755.00, where the market maker's balance is located.
🔥 In case of break and fixation below the balance of the week (1755.00) we expect the decline with the target,- limit buyer (1749.38).
Trade active:
💬 Gold: limit seller as key resistance.
💰 The nearest resistance for today is the limit seller (1769.52).
If the limit seller (1769.52) is successfully tested, there will be an opportunity to sell profitably with the nearest target,- limit buyer (1749.47).
If the price fixes below 1749.47, we expect a further decline towards the premium level of the weekly hedge support area (1742.81).
If the limit seller (1769.52) is successfully tested, there will be an opportunity to sell profitably with the nearest target,- limit buyer (1749.47).
If the price fixes below 1749.47, we expect a further decline towards the premium level of the weekly hedge support area (1742.81).
Trade active:
💬 Gold: speculators are holding a wide corridor intraday!
The nearest resistance for today is the limit seller (1771.53).
🎯 In case of a successful test of today's actual level inside the daily sellers (1771.53) we expect a further decline with the nearest target,- balance of the week (1775.00).
In case of breakdown and fixation below the option price level at 1775.00 we expect further decline to the limit buyer (1754.18).
🎯 In case of a successful test of today's actual level inside the daily sellers (1771.53) we expect a further decline with the nearest target,- balance of the week (1775.00).
In case of breakdown and fixation below the option price level at 1775.00 we expect further decline to the limit buyer (1754.18).
Trade active:
🔹 Gold: main scenario in action.
📊 The key resistance for the last working day of the week is the current seller limit level (1764.50).
⚙️ In case of a successful test of the mentioned resistance level, we expect further decline with the nearest target, the level of the buyer limit (1749.35).
In case of break and fixation below the level of 1749.35, we expect the decline to close the trading day with the target,- hedge support zone (1745.32).
⚙️ In case of a successful test of the mentioned resistance level, we expect further decline with the nearest target, the level of the buyer limit (1749.35).
In case of break and fixation below the level of 1749.35, we expect the decline to close the trading day with the target,- hedge support zone (1745.32).
Related Ideas
