đ Gold: balance of the week drop April 5-9, 2021
â ïž According to new CoT reports, the outperformance of buyers has decreased 8%. The overall market volume, meanwhile, fell by 9% to a money mark of $215bn 26m.
Investors in turn reduced locked positions by 13%.
đ The main scenario for the new trading week is an increase to the market maker's loss level (1743.18).
In case of a successful test of this resistance, we expect an impulse decrease to the balance of the week (1710.14).
A further medium-term downside benchmark in this case is the market maker's boundary (1685.16).
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Investors in turn reduced locked positions by 13%.
đ The main scenario for the new trading week is an increase to the market maker's loss level (1743.18).
In case of a successful test of this resistance, we expect an impulse decrease to the balance of the week (1710.14).
A further medium-term downside benchmark in this case is the market maker's boundary (1685.16).
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đŻ Gold: will there be a rebalance of the week?
đ During the European session of the current working day, expect a retracement of the price range of 1728.76-1735.00, where the balance of the day and hedger resistance zone is located.
đ The main scenario for today is the breakaway from the mentioned option resistance range and the following decline to the level of the limit buyer (1716.89).
The medium-term downside target within the trading week is the level of the highest net profit of the seller of the nearest to expiration medium-term option contracts (1710.00).
đ The main scenario for today is the breakaway from the mentioned option resistance range and the following decline to the level of the limit buyer (1716.89).
The medium-term downside target within the trading week is the level of the highest net profit of the seller of the nearest to expiration medium-term option contracts (1710.00).
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đ Gold: hedgers stealthily picking up selling
â ïž Throughout pre-market Europe, the safe haven currency quotes have consolidated above the premium level of the hedger resistance zone (1731.88).
The price range of 1742.29-1743.99, where the limit seller and the market maker loss level is located, is the upside target.
đ In case of suspension of rise near the mentioned marks we expect impulse decrease with the nearest landmark,- balance of the day (1729.14).
The price range of 1742.29-1743.99, where the limit seller and the market maker loss level is located, is the upside target.
đ In case of suspension of rise near the mentioned marks we expect impulse decrease with the nearest landmark,- balance of the day (1729.14).
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âđ» Gold: successfully worked off market maker loss test
đŁ Over the past day, successfully worked the rebound from the market maker's loss level (1745.03).
Today during the day we expect retest of the nearest resistance (1743.09-1745.03) and further decline with the nearest target, the limit buyer (1734.61).
âčïž In case of breakdown and fixation below the level of limit buyer (1743.61), we expect the subsequent decrease to the price level of 1717.33, where the limit buy order of $30 mln is located.
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Today during the day we expect retest of the nearest resistance (1743.09-1745.03) and further decline with the nearest target, the limit buyer (1734.61).
âčïž In case of breakdown and fixation below the level of limit buyer (1743.61), we expect the subsequent decrease to the price level of 1717.33, where the limit buy order of $30 mln is located.
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đ« Gold: Market maker loss level reversal continues
The main scenario for Thursday, April 8, is a break of the balance of the day (1741.78) and a subsequent rise to the market maker loss level (1745.03).
With the formation of a sell pattern near the price level of 1745.03 we expect a pause in growth and subsequent corrective decline.
âïž The nearest support in this case is the limit buyer (1733.69).
With the formation of a sell pattern near the price level of 1745.03 we expect a pause in growth and subsequent corrective decline.
âïž The nearest support in this case is the limit buyer (1733.69).
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đŠ Gold: hedgers continue to push gold up
đŠ Over the past 24 hours, institutional investors at market prices have positioned additional medium-term buying trade positions of $30m and $161m respectively.
The key support area for the last working day of the trading week is the price range of 1751.37-1745.17, where the limit buyer and market maker loss is located.
đČ Should a buy pattern form, expect an impulse upside with targets,- balance of the day (1758.25) and a $38m sell position gain (1763.00).
The key support area for the last working day of the trading week is the price range of 1751.37-1745.17, where the limit buyer and market maker loss is located.
đČ Should a buy pattern form, expect an impulse upside with targets,- balance of the day (1758.25) and a $38m sell position gain (1763.00).
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