Gold: Staying Rangebound ?

FX:XAUUSD   Gold Spot / U.S. Dollar
186 0 7
So, OK! A new record. 56% Net Short of Commercials. FOR SURE THE DO NOT KNOW WHAT THEY ARE DOING. All of the will go BROKE. Well.., some bit of difficult to "estimate" price development wit the help of COT Report, but if we do not break LT             Resistance line (red) till 20. Aug, we will be coming cross-resistance and most likely we will be rangebound to this resistance.
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