Hello traders, this weekly CFTC report video is about the banks positions for XAUSD . The break out of the report and technical analysis .
Its educational video about how to understand and interpret the COT data. I will be releasing this videos every Saturdays after I compile and analyze the data.
COT data can tell us what the banks are doing and what is happening behind the charts. If the move is caused by profit taking.
Please feel free to comment with any questions and your own opinions.
CFTC Report is always released for the Commercials and other subjects operating on the markets. But I have found most accurate to to follow non-commercials as its the investment banks and hedge funds trading for the profit. Commercials are big companies which are hedging themselves to stabilize stabilize the price of the instrument.
Comment
⋅
Seem like the banks are doing the positions closing as mentioned in the video lets see.