Recent Forex Factory data suggest that risk‐off sentiment is persisting—with dovish central bank expectations and geopolitical uncertainty still in play—supporting gold’s role as a safe haven. At the same time, the latest COT report indicates that non‑commercial traders (the speculators) remain net‑long on gold, which has historically signaled continued bullish pressure. Technical setups also show gold holding above key support levels, with momentum intact for now.
In combination, these factors point to a near‑term bullish outlook for gold over the coming days. However, traders should remain cautious of potential volatility around upcoming economic data releases that could trigger short‐term pullbacks.
Though bullish momentum remains intacr, the pullback selloff is imminent from technicals perspective
In combination, these factors point to a near‑term bullish outlook for gold over the coming days. However, traders should remain cautious of potential volatility around upcoming economic data releases that could trigger short‐term pullbacks.
Though bullish momentum remains intacr, the pullback selloff is imminent from technicals perspective
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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.