Gold FuturesShort
Bad times to be a GOLD bull
Already yesterday we pointed out that the recent rise in the gold price was accompanied by weak volume.
Today, the market has shown clear signs of weakness for the first time in a week.
The CumDelta in gold futures reveals a massive hidden bearish divergence.
The strength of the signal suggests that the market will not only retarget the early October 2023 lows, but also undershoot them.
Today, the market has shown clear signs of weakness for the first time in a week.
The CumDelta in gold futures reveals a massive hidden bearish divergence.
The strength of the signal suggests that the market will not only retarget the early October 2023 lows, but also undershoot them.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.