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Saturday, June 12, 2021

πŸ“Œ Gold: weekly options analysis for June 14-18.

πŸ“Œ Gold: weekly options analysis for June 14-18.


Last trading week the net outperformance of buyers on current CoT reports decreased by 1%.
Market volume decreased by an additional 1% to a cash equivalent of $257bn 88m.
πŸ“ The number of locked investor positions at the same time decreased by 2%, which gives us an indication of a possible unidirectional movement of gold prices during the new trading week.
The nearest medium-term support in trading within the trading week is the strike level of the weekly hedge support area (1875.00).
In case of breakdown of the mentioned option support, downside movement is expected with the target, i.e. market-maker's loss level (1853.12).
In case of formation of pattern to buy near the level of marketmaker's loss (1853.12) we expect the subsequent rise till the trading week closing with the target benchmark,- marketmaker's balance (1889.83).
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