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Saturday, September 11, 2021

πŸ“Œ Gold: analyst review for 13-17.09.2021.

πŸ“Œ Gold: analyst review for 13-17.09.2021.

Gold OANDA:XAUUSD

Gold is expected to be lower during the new trading week as the bullish dominance on CoT reports has decreased by 4%.
The unidirectional nature of the move during the new week confirms a 1% decrease in locked positions.
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 resistance is the market maker balance level (1800.00).
πŸ’‘ In case of a successful test of the mentioned option resistance, we expect a decline with a target: market maker loss level (1762.20).
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