The formula for Blees rating uses the Commercial Traders net contract holdings at the date of the current report.
We inserted the Blees rating into the . It supports GOLD's RALLY we had last weeks.
Gold's market rally occurs when the Blees rating starting to fall from 90 to 70.
Last Tuesday's (09.02.) data was published on Friday. It was 50.
Gold had started the pullback. It's still a possibility that gold will spike above 1163 for a short time but the correction is on the way. Though I think we are in the market now, but the young bulls are usually very wild and tricky.
Kicks both bulls and bears ...