📉 Why may Gold continue to decline on March 1-5?
For more than three weeks in a row, the preponderance of buyers according to CoT reports has decreased.
📌 Over the past working week, buyers have reduced their net advantage by 3%. This confirms that the decline in gold will continue next week.
The total market volume decreased by 7%. Institutional investors are expecting a unidirectional movement within the week, as they closed 10% of their locked positions.
In this vein, touching the nearest resistance at 1750.00 will be a profitable opportunity to sell.
🌐 The target is small - the loss of the market maker and the premium of the hedger zone (1729.03 - 1719.21).
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📌 Over the past working week, buyers have reduced their net advantage by 3%. This confirms that the decline in gold will continue next week.
The total market volume decreased by 7%. Institutional investors are expecting a unidirectional movement within the week, as they closed 10% of their locked positions.
In this vein, touching the nearest resistance at 1750.00 will be a profitable opportunity to sell.
🌐 The target is small - the loss of the market maker and the premium of the hedger zone (1729.03 - 1719.21).
🤔 Do you like the idea? 👍 like it ✍️ write a comment
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📊 Gold: How Long Will Corrective Growth Last? 
⚠️ The main scenario for the European session is a rebound from a limit buyer (1739.08) and a subsequent rise.
The nearest resistance is far away - the weekly balance level (1770.00).
✍️ In case of breakdown and consolidation below the limit buyer (1739.08), the next medium-term support will be the minimum profit level of the options seller (1729.46).
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✍️ Gold: hedgers are secretly buying 
The nearest resistance on Tuesday, March 2, is the weekly loss level of the market maker (1729.04).
💡 The main scenario of the development of events is a rebound from the indicated resistance and a subsequent decline to the optional level of growth of positions for an increase in the volume of $114 million.
⚠️ In case of a breakdown of the indicated support, we expect a subsequent decline to the price level of 1679.80, where a limit buy order with a volume of $48 million is located.
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⚠️ Gold: bullish positions continue to set
✍️ The main scenario for today is a rebound from the limit buyer (1712.06) and a subsequent rise to the level of the market maker's loss (1723.18).
If we fix above the price level 1723.18, we expect a further rise to the limit seller (1743.50).
📣 Further support in the event of a breakdown of the limit buyer will be the weekly option level at the price mark 1693.3, at which there is an increase in positions for an increase in volume of $ 53 million.
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✍️ Gold: what to do when the market maker is at a loss? 
📊 Over the past 24 hours, a re-test has been worked out on the reverse side of the market maker's loss level (1723.02).
🔥 The main scenario for the development of events today is a rebound from the limit buyer (1690.38) and a subsequent rise to the limit seller (1710.57).
The maximum target of growth with a correctional increase before the upcoming expiration is the previously mentioned loss level of the market maker (1723.02).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.