I read an interesting article from the analysts of one of the investment banks, and now I will share with you what is written in it. Based on the data obtained, they draw different conclusions.At the end of July this year, they saw another high of client long positions in gold, and that's when the downward movement began.Here it is necessary to clarify - these were retail traders. long positions at the maximum, and gold quotes are moving well, certainly not up.At the same time, the bank's analysts do not believe that a downtrend is forming on gold now.In their opinion, only after the breakdown of the 1936 level down is confirmed, it will be possible to talk about a downtrend At the same time, in the near future they expect an increase in client short positions in gold and promised to tell about it after the fact.The same analysts observe the above pattern is not the first time.
Based on third party sources.
Based on third party sources.
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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.