COT Report Analysis 29 March 2022
If you are visiting this page for the first time I recommend you to check the detailed article about COT report by visiting this Link
We have COT report for the last week with us and if you look over to the number of contract in managed money column (Highlighted in Yellow rectangle) you can see that this time also we can see that the number of long contract is decreasing (-6103) in long contract compared to previous COT report (Check previous COT below). Also we can see that big players are adding money in short contracts (+727).
This indicates a bearish sign for gold in terms of COT analysis.
Also as you can see that currently gold is trading above the support zone (Rectangular area), so I think we can expect decline towards 1900 if gold breakdown this support area and if Hold this Level then we can have retest toward 1944 price Level (VPOC Level).
COT Report Analysis 22 March 2022
We have COT report for the last week with us and if you look
over to the number of contract in managed money column (Highlighted in Red) you
can see that this time also we can see that the number of long contract is
decreasing (-13006) in long contract compared to previous COT report.
Also the number of short contract is found to be decreased
so from the report we can see that Buyer and Sellers both seems to be confused
at the current price Level but if we talk about the overall sentiments then we
can say that this report generates bearish sentiments like the previous COT
report shared in post below.
As discussed in Weekly prediction video the Level of 1964-66
is major level to watch as we have seen rejection over this zone many time in
recent trading sessions, if gold Able to breakout above this then only we can
expect test toward the Next Resistance Zone (1974-75).
Currently gold is trading above the psychological Level and
support of 1950, so the zone at around 1948-50 is currently acting as support
so breakdown below this can generate bearish sentiments.
You can watch the detailed video for important levels
COT Report Analysis 19 March 2022
the latest COT report for gold is available for the previous week and as suggested many time we have to focus on the managed money column only and if you look at the number of net long position (Highlighted ) you can see that the net long position is decreasing from the main contract. So this simply indicate that buyers or smart money manager pulling money this week also like previous week from the long contract and this is not a good sign for bulls.
Also as discussed the Price Level of 1928-1930 is a good support but in yesterday's trading session gold breakdown this level and currently trading below this price level .So in term of price action and COT report data we can assume this as a bearish sign for gold.
And if you look at the Order flow chart we can see a huge negative delta on chart which also indicate selling pressure on the gold , if you want to know about order flow then you can visit this link I will try to share this COT Data and Delta Data every Saturday so if you are interested to get a insight of data the you can subscribe this article news feed from the pop up or from the subscription box given in this site .Enjoy your week and All the best for next week.
