GOLD. Solution.

This week, the trading instrument is likely to start an upward movement.

The CoT gold report data reflects an increase in bearish sentiment. Traders in the last week have increased the reduction of the net position on rising prices. At the same time, the net position fell below the levels of the end of June and became the minimum for almost 5 months. Large funds increased their sales by 16% in a week, purchases were also reduced. Continuation of this trend may contribute to lower 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 have been reducing their net position on the growth of the dollar for more than a month now. At the same time, the net position has updated the lows for the last 25 months. Large funds reduced dollar purchases by 7% 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, even if the opinion is erroneous, at the moment there is a good opportunity to open a long position with an excellent risk to reward ratio, since we are in the zone of potential purchases, but manipulation of the price hike below 1893 is possible, it is important here will monitor the price fixing below this level. At this time, I will bet on the weakness of the dollar from CoT reports.

Entry into positions is carried out only when a confirming pattern is formed.
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