Upcoming Breakout in Gold Longs?

by Ashraf Laidi

Nov 8, 2021 17:05

We know that Gold's commitment reports from the Comex is for the trading working period ending in a Tuesday. The last data point in the yellow graph is for the week ending last Tues (Nov 2nd), so the next data point (due this Friday Nov 12th at 15:15 Eastern 20:15 GMT) is for the week ending Tues 9th. Since we know what happened to gold over the last 6 days, the next data point will likely show a breakout in net longs. For more background, see a recent video about net Comex commitments.

Click To Enlarge

Click To Enlarge

More Hot-Charts

• 

  Gold, Bitcoin, USD Combo

  Jun 22, 2023 16:46 | by Ashraf Laidi
  I mentioned last week  on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
• 

  تفسير مراحل الذهب

  Mar 17, 2023 21:28 | by Ashraf Laidi
  .

• Dax 200 MA Extension

  Jan 11, 2023 10:57 | by Ashraf Laidi
  If the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...