jangseohee

Lack of COT index from Trading View :-)

COMEX:GC1!   GOLD FUTURES
433 9 5
Let's take a deep look into this GOLD futures             starting from 1975...
The thick large channel dictates the uptrend. So far, the lower channel was touched twice but the upper channel is not touched yet.
From cycle point of view, gold             might hit 550 by year 2025(around there)
Volume was expanding confirming the inner uptrend since 2001 and decreasing upon hitting the top of 1890 and still decreasing..
Accum/Distribution line reinforce continuous selling pressure.
So i foresee more downside to come even if interest rate is raised and stock market crash

The only exception:
MACD is currently showing a golden cross in the lower region suggesting weak short term bullishness, if the classical MACD Bearish Divergence is to take place like my projection, Gold             will have to hit 2800             first before freefalling

One more puzzle i need.
Commitment of Trader index from Tradingview if possible :-)
if price makes the red line, then the downside projection will be scrapped
snapshot
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Actually the great channel is much more upward directed, as the trend starts in 1970 not in 1975, where the quotes at tradingview starts. Look at http://stooq.com/c/?s=xauusd&c=50y&t=c&a=lg&b to see.
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thanks, good weekend!
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Hello, the COT is available at tradingview, you can find it under the "Indicators" ------> "Public Library"
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jangseohee Technician
Oh...Thank you very much, have a great weekend!
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Ghostrider7 Technician
Hello, how do you get access to the chat room? Thank you!
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jangseohee Ghostrider7
Hi, once you log in, click the user link and move the mouse to right hand vertical tool, 2nd from the bottom to initial a chat, see whether it works
Cheers
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Ghostrider7 jangseohee
Just saw this thank you.
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