Commercial Short Interest in Gold Declines, Bullish Signal for P
Overall, the disaggregated COT report shows that speculators are bullish on gold, while commercials are bearish. Swap dealers and other reportables are mixed. Note that the COT report is just one snapshot of the market . Overall, the COT report is bullish for gold in the short term. The increase in non-commercial long interest and the decrease in commercial short interest suggest that speculators are becoming more bullish on gold, while hedgers are becoming more bearish. This could lead to higher gold prices in the coming weeks . Again, that is just one snapshot of the market.
Key :
Gold Bulls Charge Ahead, Commercials Short Interest Declines
Speculators Bullish on Gold, COT Report Shows.
#Gold #COT #Report: #Bullish #Momentum #Building
Key :
Gold Bulls Charge Ahead, Commercials Short Interest Declines
Speculators Bullish on Gold, COT Report Shows.
#Gold #COT #Report: #Bullish #Momentum #Building
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