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Saturday, May 15, 2021

πŸ“Œ Gold: weekly options analysis for May 17-21.

πŸ“Œ Gold: weekly options analysis for May 17-21.


Last trading week saw a net outperformance of buyers on current CoT reports up 20%.
Market volume rose by an additional 14% to a cash equivalent of $258bn 857m.
πŸ“ The number of locked investor positions at the same time increased by 12%, which leads us to speculate about a possible corrective decline in gold prices during the first half of the new trading week.
In case of a successful test of the balance of the week (1825.00), we expect a further rise to the close of the trading week with a target of a market-maker's loss (1858.17).
πŸ”₯ Increase in downside positions totaling $141 million further enhances the probability of reaching the market maker's loss level.
In case the alternative scenario develops: fixing below the weekly balance (1825.00) we expect a decline to the round figure level of 1800.00, where buy orders of a total volume of $198 million are located.
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