Gold (XAU/USD) At HFT Buy Zone!

FX Trading Revolution Team FX Trading Revolution

We are analyzing the activity of HFT algorithms in the Forex market today and note that Gold has reached the light HFT buying pressure zone which is today noted at $1333.41 and below.

The price has already started to react here Gold is off the lows, though a more convincing sign will be needed to trigger a bullish signal here. The FxTR CCI indicator is showing the trend bearish while the Master MACD has already shifted neutral.

The yellow metal is also trading inside of a declining channel and a bullish break outside of it will help to turn the technicals more bullish. Under a bullish scenario, the way toward the first resistance in the $1345 area will be cleared and Gold could even reach the light HFT selling pressure zone that is noted at $1353.74 and above.

XAUUSD Current Trading Positions

Sell 33%

Buy 67%

Avg Sell Price 1315.29

Avg Buy Price 1298.49

Liquidity Distribution

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