Gold has been moving up and has been reporting gains. The COT report suggests so but we are seeing an increase in short positions by the non commercials.
Retails traders have been short as price was climbing. they are now 77% short.
We are going to wait for price to reach a demand area on lower time frames, and we get in long targeting weekly TF supply area.
RSI has broken downtrend and is coming back to test the area that broke uptrend.
Retails traders have been short as price was climbing. they are now 77% short.
We are going to wait for price to reach a demand area on lower time frames, and we get in long targeting weekly TF supply area.
RSI has broken downtrend and is coming back to test the area that broke uptrend.