GOLD couldn't rally though it break out of the pennant
I feel weakness here.
Gold had broken out of the pennant and gave us only a few hours of rally.
Commercials have around 300.000 short positions by now.
I was waiting for those shorts to be covered at the breakout. But nothing happened....
Commercials are still short in gold.
Gold had broken out of the pennant and gave us only a few hours of rally.
Commercials have around 300.000 short positions by now.
I was waiting for those shorts to be covered at the breakout. But nothing happened....
Commercials are still short in gold.
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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.