In this video update, we take a look at Gold and for the potential for price to start moving lower.
The CoT reports are highlighting a significant build-up in commercial short contracts at current levels.
Not only this, technically the impulse moves are getting short and shorter and the price is failing to make higher
highs and higher lows. The RSI also highlights the divergence between price and indicator adding further confluence
to our bias.
The CoT reports are highlighting a significant build-up in commercial short contracts at current levels.
Not only this, technically the impulse moves are getting short and shorter and the price is failing to make higher
highs and higher lows. The RSI also highlights the divergence between price and indicator adding further confluence
to our bias.