''Gold'' A further Move to the downside?Huge Recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to out their historically extreme short bets. this has led to a correction since we had reached a monthly time frame demand zone. Will be looking closely to add on short contracts.
Cotreport
Practical Exercise - COT ReportCOT report stands for Commitment of Traders report.
It tells us about where the Big Boys are placing their ‘bets’.
The COT is published weekly on Friday and reflects Tuesday’s data.
Practical Exercise
1) Refer to the COT report data given below.
2) Write down your interpretation of the data.
3) What are your observations and what they mean to you as a trader.
4) Post your exercise on the comment section in the thread.