chartwatchers
Short

GOLD couldn't rally though it break out of the pennant

FX:XAUUSD   Gold / U.S. Dollar
162 3 8
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             .

How do you verify these shorts please?
Reply
hi Alan,
http://news.goldseek.com/COT/1455309114.php
I post every Friday here the COT numbers inserted in the daily chart.
I'm waiting for commercial short position near 300.000 today and blees reating belw 30 , near to 20.
THat's bearish . ANd commrcials didn't stopped when we broke out of the pennant.
They must know something what we don't.
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From which price we can go for long..................
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