Gold has managed to bounce from approximately $1900 up towards
its .618 Fib retrace where it found resistance. Key ST
inflection point nearing here - monitor the rising trendline on the
daily chart as a guide. You also want to see the miners
outperforming to support bullish thesis. The action here will
largely depend upon the bond market (yields)
dakotadj - not sure what you're asking on Gold order imbalance
as you question is replying to my Gold charts below.
Retail investors loaded up on calls and sold puts, buying $4B
equivalent of stocks via options while selling $7.5B worth of
volatility, in the week through last Wednesday. Retail rushing into
buying at the highs again.
Sorry, I was asking about the chart with the retail option
weekly data order imbalance.
Answer: Retail investors loaded up on calls and sold puts,
buying $4B equivalent of stocks via options while selling $7.5B
worth of volatility, in the week through last Wednesday. Retail
rushing into buying at the highs again.
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Gold Views
Posted by steve on 6th of Aug 2023 at 12:04 pm
$GOLD - Chart Link
$GOLD - Chart Link
Gold has managed to bounce from approximately $1900 up towards its .618 Fib retrace where it found resistance. Key ST inflection point nearing here - monitor the rising trendline on the daily chart as a guide. You also want to see the miners outperforming to support bullish thesis. The action here will largely depend upon the bond market (yields)
What does this order imbalance
Posted by dakotadj on 6th of Aug 2023 at 01:09 pm
What does this order imbalance infer for us options novices?
dakotadj - not sure what
Posted by steve on 6th of Aug 2023 at 03:56 pm
dakotadj - not sure what you're asking on Gold order imbalance as you question is replying to my Gold charts below.
Retail investors loaded up on calls and sold puts, buying $4B equivalent of stocks via options while selling $7.5B worth of volatility, in the week through last Wednesday. Retail rushing into buying at the highs again.
Sorry, I was asking about
Posted by dakotadj on 6th of Aug 2023 at 06:17 pm
Sorry, I was asking about the chart with the retail option weekly data order imbalance.
Answer: Retail investors loaded up on calls and sold puts, buying $4B equivalent of stocks via options while selling $7.5B worth of volatility, in the week through last Wednesday. Retail rushing into buying at the highs again.