XAU Price Correlation with COT Reports
Here's a chart that shows the days when Swap/Prod shorts hit their peaks on the GOLD-COT Report.
Purple lines plotted against XAU show that prices dropped every time Swap/Prod started reducing their short positions.
Producer shorts last week were sitting at 192,484, which was the highest since Jan-2013. This week Producer Shorts dropped to183,073.
Will history repeat itself?
tradingster.com/cot/futures/disagg/088691
Purple lines plotted against XAU show that prices dropped every time Swap/Prod started reducing their short positions.
Producer shorts last week were sitting at 192,484, which was the highest since Jan-2013. This week Producer Shorts dropped to183,073.
Will history repeat itself?
tradingster.com/cot/futures/disagg/088691
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.