The wait-and-see sentiment for gold has become stronger, and the willingness of crude oil bulls to retreat is obvious
Gold COT Report After falling to 1938 yesterday, gold began to rebound. After the release of the less-than-expected ISM data, gold once rushed above 1960, and it is still hovering around this price. Combined with the changes in options, except for the reduction of a large number of put options at 1925 below, the changes […]
Gold bears aggressively increase their positions, crude oil is still suppressed here
Gold COT Report On Friday, gold formed a bearish triple top pattern at the 1-hour level, with a bearish sentiment. The Asian market continued its decline today and is currently testing the support position around 1944.5. Combined with the changes in options, short sellers have aggressively increased their positions in put options, which may imply […]
The wait-and-see sentiment for gold is heating up, can non-farm payrolls drive the breakout market?
Gold COT Report The U.S. employment data was strong yesterday, but after the release of the lower-than-expected PMI data, the dollar fell under pressure, and gold rose all the way to 1985. At present, the price of gold is still trading around 1980. Combined with the changes in options, the increase in put options around […]
Gold bullish sentiment is quite high, crude oil bears start to retreat
Gold COT Report On Wednesday, U.S. Federal Reserve officials released a signal to suspend interest rate hikes. Although gold had begun to rise before the officials spoke, after the speech, the probability of the Fed’s expected suspension of interest rate hikes in June increased significantly, which is expected to support gold. However, the increase in […]
Gold bulls start to test positions, crude oil bullish funds bet here
Gold COT Report Yesterday, gold fell in the Asian session. After testing the large-level upward trend line since November last year, it quickly rebounded to form a W bottom. This morning, it fell back due to the sentiment of the Asian session, but it still held the support of 1953. It is testing before the […]
Gold is the first to go down in the European market, but we must be alert to this trend within the day
Gold COT Report The gold Asian market broke through the lower limit of the consolidation range of the past three trading days at 1938, and began to test the support of 1932. 1932-1940 is a dense support area pointed by various technical indicators. The technical situation will be further deteriorated if it breaks down, but […]
Under Monday’s holiday, may it be difficult for gold and oil to get out of the general trend?
Gold COT Report The trading volume of gold futures fell sharply last Friday, which may be due to the approach of this Monday’s holiday. Therefore, today’s gold market may be as volatile as last Friday, and it is difficult to show a general trend. Specifically, due to the reduction of put options in the 1947-1952 […]
The market intensifies the capital game, and the competition for gold is fierce here
Gold COT Report Initial jobless claims fell more than expected, which further promoted the revision of market interest rate cut expectations, and gold fell sharply. At present, the trend of the gold daily line level has come near the support of the upward trend line since November last year, and the US PCE data will […]
The bearish sentiment in gold is awakened, and the bulls in the oil market finally rise
Gold COT Report The minutes of the Fed meeting showed that officials were divided on the June interest rate decision, with some participants saying further tightening was still needed. At the same time, Federal Reserve Director Waller also hit the market’s expectations for a suspension of interest rate hikes. Gold fell under pressure in 1984 […]
Crude oil bullish call options surge after Saudi Arabia warns bears
Gold COT Report Gold stopped falling near 1955 last night and rebounded driven by the pressure on the US dollar index and the decline in US bond yields. Judging from the changes in options, there are obvious signs of short-short funds leaving the market near the current price, and the bulls further bet on the […]
