Forgot we use non commercial for gold re assess pls.
GTP
Gold (XAU/USD) - Noncommercial COT Analysis & Probability Assessment
Key Observations:
Long Positions: Significant decline in longs over the last two weeks
Gold (XAU/USD) - Updated Noncommercial COT Summary
📉 Bearish shift increasing – Longs are dropping fast (-9,723 this week).
📊 Net positions falling sharply – From 302K → 268K in two weeks.
⚠️ Weak bullish support – Shorts increasing, momentum fading.
🔻 Probability Down: 65%
🔺 Probability Up: 35%
GTP
Gold (XAU/USD) - Noncommercial COT Analysis & Probability Assessment
Key Observations:
Long Positions: Significant decline in longs over the last two weeks
Gold (XAU/USD) - Updated Noncommercial COT Summary
📉 Bearish shift increasing – Longs are dropping fast (-9,723 this week).
📊 Net positions falling sharply – From 302K → 268K in two weeks.
⚠️ Weak bullish support – Shorts increasing, momentum fading.
🔻 Probability Down: 65%
🔺 Probability Up: 35%
- Gold likely to continue lower unless strong buyers step in. Watch for further breakdowns. 🚨
- Conclusion:
- Gold remains bullish overall, but noncommercial traders are unwinding longs.
- Slight bias for a pullback or consolidation before any further upside.
- Short-term caution: A break below key support levels could accelerate a sell-off.
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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.