Price reacted off the demand zone and is holding above PP. Expecting some chop around 4,388 before a stronger push toward the supply zone (4,462–4,490), with 4,513 (R3) in view if momentum carries through.
Price action suggests institutional buying interest building up
#GOLD#OMC
XAUUSD Thursday Update
Price tapped the demand zone hard into the session. Currently sitting around 4,339 inside the 4,300 to 4,350 area.
I’m done for the day.
Tomorrow will decide if this demand holds or if we get a deeper move.
#XAUUSD#Gold#OMC
Price reacted off the demand zone and is holding above PP. Expecting some chop around 4,388 before a stronger push toward the supply zone (4,462–4,490), with 4,513 (R3) in view if momentum carries through.
Price action suggests institutional buying interest building up
#GOLD#OMC
XAUUSD Thursday Update
Price tapped the demand zone hard into the session. Currently sitting around 4,339 inside the 4,300 to 4,350 area.
I’m done for the day.
Tomorrow will decide if this demand holds or if we get a deeper move.
#XAUUSD#Gold#OMC
🚨📊 #GOLD POSITION UPDATE
📊 CFTC DATA UPDATE — INSTITUTIONAL POSITIONING 🏦
The latest CFTC data shows institutions increased their longs by roughly 1,000 contracts. 📈
Not a major move when you consider they recently took massive profits, reducing longs from approximately 277K → 260K. 💰
But remember what’s in focus right now: THE MONTHLY TIMEFRAME. 🔎
A basing candle is currently being produced, and we need to give that candle time to close before we can expect serious momentum to kick in. ⏳
For now, we’re watching the lower timeframes for the clues. 🕵️♂️📉📈
🎥 Watch the video to see exactly what we’re watching for.
#CFTC #InstitutionalTrading #Trading
XAUUSD Thursday Update
Price tapped the demand zone hard into the session. Currently sitting around 4,339 inside the 4,300 to 4,350 area.
I’m done for the day.
Tomorrow will decide if this demand holds or if we get a deeper move.
#XAUUSD#Gold#OMC
XAUUSD Bullish Bias, Watching CPI
Expecting a minor pullback, then a push to absorb the supply zone (4,462 to 4,485), with R3 (4,536) as the extended target if momentum carries through.
CPI incoming. This one can explode or crash the move.
#XAUUSD#Gold#CPI#OMC#OldMoney