We are analyzing the activity of high-frequency algorithms on Gold and note that bullish trading opportunities may be attractive for the current day-trading session.

During the overnight session, Gold reached the light HFT buying pressure zone that stands today at 1911.1 and below. The price reversed and rejected the bearish attempt as soon as it touched the HFT zone.

The advanced FxTR Master Macd indicator shows a shift in trend from bullish to neutral. However, it hasn’t turned bullish yet on the hourly chart.

If a bottom is confirmed here, Gold could attack the light HFT selling pressure zone today, which is noted at 1934.4 and above.

XAUUSD

Gold Current Trading Positions


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