🔆GOLD🔆 FOMO = Liquidity
Commercials have been heavily selling gold since mid June 2019.
Per the 2/24 COT Net Positions for commercials they have decreased their long positions and increased their short positions. While the COT Net Positions for institutions have increased both their long and short positions. (There are two types of institutional traders which are long-term and short-term trend traders). Lastly, per the COT we can see the Open Interest has increased on Gold.
Volatility is also low showing conference in the market, which is a bullish sentiment.
(see chart for technical analysis)
Per the 2/24 COT Net Positions for commercials they have decreased their long positions and increased their short positions. While the COT Net Positions for institutions have increased both their long and short positions. (There are two types of institutional traders which are long-term and short-term trend traders). Lastly, per the COT we can see the Open Interest has increased on Gold.
Volatility is also low showing conference in the market, which is a bullish sentiment.
(see chart for technical analysis)
“Ƙҽҽթ Ϲɑӏʍ & Ϲɾҽɑեҽ 👷🏽♀️ Վօմɾ Օաղ Ҽϲօղօʍվ 💸"
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