Trying to introduce new parameters into my analysis. This time it will be commitment of traders (COTs). From my perspective commercials are loaded with shorts on silver. In this situation we would expect price of XAUUSD to move down in few weeks time. Moreover, top oscillator is overheating.
Depending on the scenario there may be a few possibilities described on the plot.
goldchartsrus.com/chartstemp/charts.php?image=free/cots/cots4cncnrsi.php
Depending on the scenario there may be a few possibilities described on the plot.
goldchartsrus.com/chartstemp/charts.php?image=free/cots/cots4cncnrsi.php
Note
There is typo in my comment, I meant XAGUSD not XAUUSD.Order cancelled
New type of data analysis I was trying to use is not valid.This plot was wrong, in the future I will not be using commitment of traders reports.
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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.