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Saturday, July 24, 2021

πŸ“Œ Gold: analytical review for 26-30.07.2021.

πŸ“Œ Gold: analytical review for 26-30.07.2021.

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 4%.
The unidirectional nature of the move during the new week confirms the 6% decrease in locked positions.
πŸ“ A 1% increase in market volume at the same time indicates a likely strong upside during the new week.
The key medium-term support is the market maker loss level (1773.02).
πŸ’‘ In case of a successful test of the mentioned option support, we expect a rise with the target: weekly market maker resistance level (1844.09).
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