COT Analysis 5. September XAU/USD

FX:XAUUSD   Gold Spot / U.S. Dollar
414 4
I made a calculation system which shows the shorting potential of a trading symbol through the COT report which gets released every friday afternoon. The movement for the next week can be calculated fundamentally for getting a value which just tells you the movement if you know the previous value and in this case the value for the next week is lower than the last week and this means a long potential.

Higher potential than previous week: downtrend
Lower potential than previous week: uptrend
Nice mate, how has this worked in previous months? Very cool!
Reply Gannvan
I didnt backtest it very much into the past because it takes about 5-10 minutes of calculation for getting one value. When I have time I will go some values in past to check it out.
+1 Reply Gannvan
And I one more week:
It was a lower shorting potential. This means uptrend. The week opened at 1288 and the highest point was 1322.
+1 Reply Gannvan
In this case I totally added two earlier weeks and they both worked.
+1 Reply
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