📌 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.
📝 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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source https://www.smartmoneymanagement.info/2021/10/gold-weekly-options-analysis-for.html
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