The last idea gave an excellent entry, but alas, it was closed at no loss.
In the coming week, the trading instrument is likely to start an upward movement.
The CoT gold report data reflects an increase in bearish sentiment, namely a decrease in buyers by 6%. Continuation of this trend may contribute to lower prices for the precious metal.
Data from CoT reports on the dollar index (USDX) reflects a slight increase in bullish sentiment on the US currency among large speculators. After quarterly expiration of futures, large funds stopped building up their net position on dollar growth at its 5-month highs and began to increase sales.
As for the bearish data from the CoT reports, I believe they were worked out last week as part of a decline towards 1893.
Based on my vision of the market, I can add the following, after the last peak at 2067 in the long term, I am short-minded, but my sales start from the price mark of 2007, at the moment we have a breakdown of the descending structure on the lower time frames, I see long at least up to 2000 , but it should be borne in mind that if we do not have enough liquidity for a full-fledged upward movement, the price may renew at least 10-15 dollars.
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.
In the coming week, the trading instrument is likely to start an upward movement.
The CoT gold report data reflects an increase in bearish sentiment, namely a decrease in buyers by 6%. Continuation of this trend may contribute to lower prices for the precious metal.
Data from CoT reports on the dollar index (USDX) reflects a slight increase in bullish sentiment on the US currency among large speculators. After quarterly expiration of futures, large funds stopped building up their net position on dollar growth at its 5-month highs and began to increase sales.
As for the bearish data from the CoT reports, I believe they were worked out last week as part of a decline towards 1893.
Based on my vision of the market, I can add the following, after the last peak at 2067 in the long term, I am short-minded, but my sales start from the price mark of 2007, at the moment we have a breakdown of the descending structure on the lower time frames, I see long at least up to 2000 , but it should be borne in mind that if we do not have enough liquidity for a full-fledged upward movement, the price may renew at least 10-15 dollars.
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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