sell gold 1742 tp 1640 (1000 pip setup)
cftc data as below ( net position )
Jun 20, 2020 224.3K
Jun 13, 2020 208.6K
Jun 06, 2020 219.0K
May 30, 2020 237.9K
May 23, 2020 251.8K
May 16, 2020 242.8K
May 09, 2020 250.0K
May 02, 2020 262.7K
Apr 25, 2020 249.6K
Apr 18, 2020 252.5K
Apr 11, 2020 248.9K
Apr 04, 2020 258.8K
Mar 28, 2020 288.4K
Mar 21, 2020 281.9K
Mar 14, 2020 299.5K
Mar 07, 2020 319.7K
Feb 29, 2020 335.9K
Feb 22, 2020 353.6K
as you can cftc net position from feb rapidly decrease thats mean buyers close buy position or sellers add sell position
as my view price need correction to adjust with cftc data
in daily chart we make head and shoulder and price hit to resistance or bear order block area
on rsi chart price hit daily trend line and resistance area .
sell gold 1742 sl 1750 tp 1640
risk reward ratio 1 :12.5
good luck
Jun 20, 2020 224.3K
Jun 13, 2020 208.6K
Jun 06, 2020 219.0K
May 30, 2020 237.9K
May 23, 2020 251.8K
May 16, 2020 242.8K
May 09, 2020 250.0K
May 02, 2020 262.7K
Apr 25, 2020 249.6K
Apr 18, 2020 252.5K
Apr 11, 2020 248.9K
Apr 04, 2020 258.8K
Mar 28, 2020 288.4K
Mar 21, 2020 281.9K
Mar 14, 2020 299.5K
Mar 07, 2020 319.7K
Feb 29, 2020 335.9K
Feb 22, 2020 353.6K
as you can cftc net position from feb rapidly decrease thats mean buyers close buy position or sellers add sell position
as my view price need correction to adjust with cftc data
in daily chart we make head and shoulder and price hit to resistance or bear order block area
on rsi chart price hit daily trend line and resistance area .
sell gold 1742 sl 1750 tp 1640
risk reward ratio 1 :12.5
good luck
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.