The activity of HFT algorithms shows that the gold market is so far trading in a range of $15 in today's session. The price has not reached either of the light HFT zones so far, which are potential areas where traders will look for reversal setups.
Given the overall bearish bias from longer-term timeframes and fundamentals, gold traders may favour short trading setups.
The light HFT selling pressure zone is noted at 1875.81 and above.
To the downside, the light HFT buying pressure zone is located today at 1841.85 and below.
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