Last trading week the net outperformance of buyers on current CoT reports was down 1%.
Market volume rose by an additional 1% to a cash equivalent of 228bn 857m.
π The number of locked investor positions at the same time decreased by 1%, which gives us an indication of a possible unidirectional movement of gold prices during the new trading week.
In case of a successful test of the balance of the week (1775.00), we expect a further decline to the close of the trading week with a target of a market-maker's loss (1738.34).
In case of alternative scenario: fixation above the weekly balance (1775.00) we expect increase to the level of 1823.49, where the minimum profit level of the market maker is located.
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