chartwatchers
Short

GOLD COT is bearish

FX_IDC:XAUUSD   GOLD / US DOLLAR
80 0 7
Everybody is waiting for gold             to go 1310.
Especially bulls who bought gold             above 1200 in the breakout or at 1190 at the backtest.

The bear is over? Yes.
In the long term am I waiting for gold             to go higher? Yes.

But I don't think gold             is a long in the following 2-3 weeks.
Time for the correction:
MACD crossing over
TSI             crossiing over.
RSI looks ther same as last year october

It would be to easy to go higher after testing back the last IC             top at 1190...
I think banks just needed a few more longs before they turn down gold             to 1150....
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out