TradingView
JesseL
Aug 21, 2017 3:41 PM

Gold COT Report Pivots: Short

TVC:GOLD1D
GOLD (US$/OZ)TVC

Description

⋅
Keep an eye on the M_Money Long Holdings as shown on the Gold COT Reports that come out every Friday.

tradingster.com/cot/futures/disagg/088691

M_Money holding generally spike in line with Gold prices, and the last Fridays report is showing signs of peaking once again.

This Fridays report will likely show the M_Money peak will likely happen today (8/21/2017).

For those who are interested, I have noted the M_Mony peaks on the above chart for the past few years.

tradingster.com/cot/futures/disagg/088691

Comment

⋅
This Fridays report shows that Managed Money once again added 14,284 long positions as of last Tuesday (8/21/2017) for a total of 209,717.

Getting a bit stretched out now.....and possibly peaking.

Comment

⋅
PSAR Flipped today on 1 day chart:

Comment

⋅
This Fridays report shows that Managed Money once again added 35,348 long positions as of last Tuesday (8/28/2017) for a total of 265,065.

Commercial Shorts are piling in with positions sizes equivalent to 6/6/2016.

Comment

⋅
Correction: Commercial Shorts are piling in with positions sizes equivalent to 6/6/2017.

Trade active

⋅
COT Report just released shows the downtrend is intact. Expecting continued weakness into mid to late October:

Trend AnalysisHarmonic Patterns
Comments
jeffreyjim
⋅
"Thanks"
lord_kinbote
⋅
We have confirmation that the ICL was on July 4th after a new high was put in on Friday. Look for the next correction to be hunting a DCL. I believe you are expecting way too deep of a correction - with the confirmation of the ICL.
JesseL
⋅
@lord_kinbote, Agreed, I doubt if it will get that low considering the political climate....But this would be my worst case scenario.
More