Gold heavy selling but
Anxiety!
After 7 months of denial bulls are at a key point.
Checking the volume, price action, and COT, we can CLEARLY see that ~1500 is a price level where the big banks are buying
In ~June 2019 the net longs more than TRIPLED, then later on that second bump I marked on the COT chart, they went from 275K to 375K.
The price action does not make it look like it will bounce here.
It's like I explained in my Bitcoin idea about bottoms: They tend to form once the herd had a "sell everything now" moment.
First in the short term we could speculate on gold going up, then down
After this we don't try to catch the bottom, it's dumb
After 7 months of denial bulls are at a key point.
Checking the volume, price action, and COT, we can CLEARLY see that ~1500 is a price level where the big banks are buying
In ~June 2019 the net longs more than TRIPLED, then later on that second bump I marked on the COT chart, they went from 275K to 375K.
The price action does not make it look like it will bounce here.
It's like I explained in my Bitcoin idea about bottoms: They tend to form once the herd had a "sell everything now" moment.
First in the short term we could speculate on gold going up, then down
After this we don't try to catch the bottom, it's dumb
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.