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Saturday, June 05, 2021

πŸ“Œ Gold: analyst review for 7-11.06.2021.

πŸ“Œ Gold: analyst review for 7-11.06.2021.

Gold OANDA:XAUUSD

Gold is expected to continue to rise during the new trading week as the bullish dominance of CoT reports has increased by an additional 1%.
The unidirectional nature of the move during the new week confirms the reduction of locked positions by 3%.
πŸ“ A 2% decrease in market volume at the same time indicates a likely weakness in the upside during the new week.
The key medium-term support is the hedge zone premium level (1867.22).
πŸ’‘ In case of a successful test of the mentioned option support, we expect a rise with a target: market maker's loss level (1931.23).
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