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Saturday, October 02, 2021

πŸ“Œ Gold: weekly options analysis for October 4-8.

πŸ“Œ Gold: weekly options analysis for October 4-8.

Gold OANDA:XAUUSD

Last trading week saw a net outperformance of buyers on current CoT reports down 13%.
Market volume fell 5% to a cash equivalent of $210bn 958m.
πŸ“ The number of locked investor positions at the same time decreased by 5%, which gives us an indication of a unidirectional move during the new trading week.
In case of a successful test of the hedger resistance zone (1775.00) we expect a further decline to the close of the trading week with the target being the market-maker's balance (1755.00).
In case of fixation below the weekly balance (1775.00) we expect decrease to the market maker loss level of 1712.10.
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