darth.stocks
Short

Gold: Not really that bullish after today....

FX:XAUUSD   Gold/U.S. Dollar
104 0 3
After having resolved the descending triangle to the downside (on Point) the whole chart looks really bearish . 6 resistances to 1400             and only 2 supports till 1110... From COT Data we need to check positioning after this decline, but it won't be that MUCH different as should be expected. I rather believe in a significant change in options positioning this week. I guess we will see a technical correction till 1290-1300 for the rest of the week.
Think about my alternative bullish scenario for gold             I presented a couple of weeks ago....
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