thomasbalem2

GOLD COT Perspective

thomasbalem2 Updated   
COMEX:GCM2020   Gold Futures (Jun 2020)
From COT perspective, hedge fund were closing big longs position weeks ago, now just with a small short side, BUT the last COT shows a big position opened in long in comparition with net shorts.

So, i'm not short, but i think that it could be a nice R/R in that gray area to a short scalp.

Cheers
Comment:
Comment:
As i spected, price goes down to the target. Now i'm searching for an nice Price Action entry for long at 0.61 of that impulse in 1h TF.
Comment:
Target reached. Nice easy trade
Trade closed: target reached
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