The latest Commitment Of Traders (COT) report shows traders are still expecting gold to rise. The COT report is important because it’s one of the few indications traders have of current positioning of different levels of traders – primarily retail vs institutional, or “the little guys” vs “the big guys”.
And how much these positions are skewed long or short can give an indication of how volatile the market might be to any sudden change in outlook – for example, the recent US-Iran kerfuffle. Today’s featured article examines the latest COT report on gold and silver and gives one analyst’s view of support and resistance prices for gold.
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