FX.co ★ elisa72 | Methodology for Analyzing Market Situations with CME Reports

**Gold.** The leading global exchanges were preparing for the Catholic Easter this week, but nevertheless, trading life continued. There were traditional surveys of trading participants on the main derivatives exchange COMEX at the end of the trading day on Friday about their views on the prospects for the movement of the gold price in the upcoming trading week. Survey results.

Slightly more than half of the pros (Wall Street) took a neutral position in forecasts for the upcoming trading week - 53%. Retail traders (Main Street) are more inclined to see a rise in the price of gold from current levels in the upcoming trading week - 59%. Of course, "War is war, but holidays are on schedule," but the unpredictability of the political situation, primarily the war in the Persian Gulf, undoubtedly signifies a significantly increased volatility in gold price formation in the upcoming trading week. This political unpredictability mainly concerns short-term trading with short price targets. For players with more fundamental trading goals, it may be better to wait for political clarity to assess the prospects for the movement of the gold price correctly. Actually, the prices of options sellers for shorter versus longer options somehow confirm this factor of players' actions in different time periods. Selling prices of options on the current monthly option OGK6.

Here, options sellers value call options slightly higher than put options. The ratio is less than the equilibrium unit. Asking prices of options sellers for the current trading week.

Prices for put options are significantly higher than for call options - ratio 1.71. For sold options, there is also a preference for call options, but not overwhelmingly - ratio 1.22. Gold options sellers see the upcoming week with a slight correction in the price of gold to the south of current levels, but the monthly option is being sold with a priority for the rise in the gold price, not overwhelmingly, but still an increase from current levels.