NikitaMarket

GOLD. Let's go up for sales.

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In the coming week, the trading instrument is likely to start an upward movement.

The data from CoT gold reports reflects an increase in bullish sentiment, namely a 4% increase in buyers. The continuation of this trend may contribute to the growth of prices for the precious metal.
Data from CoT reports on the dollar index (USDX) reflects the growth of bearish sentiment on the US currency. Traders began to reduce their net position on USD growth after a 2-week build. At the same time, the net position of large speculators began to decline from the maximum levels over the past almost two months. Large funds increased sales by 13% in a week. Continuation of this trend may contribute to the decline of the US currency.

Based on my vision of the market, I can add the following, after the last peak at 2067, I am short-term in the long term, but my sales start from the 2007 price point.

Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.

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