GOLD and the COT data
Sep 16, 2022


Gold and the COT data shows heavy shorts by large speculators, similar extreme numbers as back in 2013/2014, 2016 and 2018. Support soon?

Gold is breaking below 1700 this week, as US yields rise on hawkish FED expectations that will have to be very aggressive to bring down the inflation. We know that USD is on the rise and as long that’s the case, gold may not find the buyers that easily. However, I assume that COT data will now shows us even more heavy shorts by large speculators after recent breakdown, but data may show similar extreme numbers like back in 2013/2014, late 2016 and 2018.
So the question is can gold stabilize?
We will have to wait and see, but with Elliott waves approach we will try to determine if gold is about to turn, or will it continue lower. If you are interested, make sure to track wave counts with us.

Have a nice weekend.

GOLD and the COT data Chart

Interested in commodities? Check our latest Invesco DBC commodity index chart. CLICK HERE


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.