Gold & Silver Options Signal: Bullish Momentum Still Going Strong
According to the latest Jin10 options flow data:
📈 Gold (XAU): Call option open interest at strike prices above current spot price is rising consistently. The consistent accumulation indicates that traders are betting on more gains – bullish sentiment is still there.
⚪ Silver (XAG): In-the-money calls registering significant additions along with minor exits. Bulls have NOT given up, but playing momentum is getting conservative. Consolidation before the next move?
Takeaway:
The smart money is still bullish on precious metals through options trading. Gold in the lead while silver is holding.
Look out for a breakout in case of continued call accumulation.
Strength in precious metals = Risk-hedge theme gaining strength, watch $BTC correlation.
Bullish or taking profits in Gold & Silver next week?
#Silver #TradingSignals #GOLD_UPDATE
According to the latest Jin10 options flow data:
📈 Gold (XAU): Call option open interest at strike prices above current spot price is rising consistently. The consistent accumulation indicates that traders are betting on more gains – bullish sentiment is still there.
⚪ Silver (XAG): In-the-money calls registering significant additions along with minor exits. Bulls have NOT given up, but playing momentum is getting conservative. Consolidation before the next move?
Takeaway:
The smart money is still bullish on precious metals through options trading. Gold in the lead while silver is holding.
Look out for a breakout in case of continued call accumulation.
Strength in precious metals = Risk-hedge theme gaining strength, watch $BTC correlation.
Bullish or taking profits in Gold & Silver next week?
#Silver #TradingSignals #GOLD_UPDATE