Gold net long positioning may have reached extreme levels as price hoovers around a major supply zone. Hedge fund net long positions dropped by 9% while the retail positioning increased by 4% presenting a set up to move price the other way. We may see a retest of the weekly or monthly highs but it may seem that the decline is inevitable
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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.