The latest COT report shows a strong increase in gold long positions, with large speculators adding to bullish exposure. This indicates growing institutional confidence in gold's upside potential.
At the same time, price is resting on a well-respected support zone, aligning perfectly with the bullish COT bias. This confluence strengthens the case for a potential rebound or breakout move.
At the same time, price is resting on a well-respected support zone, aligning perfectly with the bullish COT bias. This confluence strengthens the case for a potential rebound or breakout move.
Trade closed manually
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.
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.