COT Report Analysis 31 May 2022
Hello Everyone,
COT report is available for the last week (May 31, 2022) and we will analyze the COT report Data in this post.
Note: This COT report is published weekly and this is the only latest report that is available right now .The data for contracts is till 31 May 2022 and date of publication of this report is June 03, 2022.You can check the release schedule from CFTC official site from this Link
If you are visiting this page for the first time I recommend you to check the detailed article on how to read COT report by visiting this Link.
If you following this post you already knows that in previous COT report my View was Bullish and the opening price of previous week was 1853 and we have seen some decline first toward the price level of 1828 and then seen a good bullish run and gold tested the price level of 1873 (So net positive +20 Dollars from opening price ) so the idea of previous COT report comes true you can read the previous COT report from trailing data.
Now if we look to the latest COT data we can see that the Money mangers pulling money from Long Contracts (-8443) and adding money in short contracts (+1821) also in yesterday trading session we have seen good decline after NFP data and if gold bears able to maintain this pace then we can have test toward the support of 1828 and then 1800 .
COT report sentiment :Bearish
You can check the complete analysis from the following video:
COT Report Analysis 24 May 2022
Hello Everyone,
COT report is available for the last week (May 24, 2022) and we will analyze the COT report Data in this post.
Note: This COT report is published weekly and this is the only latest report that is available right now .The data for contracts is till 24 May 2022 and date of publication of this report is May 27, 2022.You can check the release schedule from CFTC official site from this Link
If you following this post you already knows that in previous COT report my View was bearish but in previous week opening Monday and Tuesday we have seen bounce from the opening price (1846.18) and gold almost tested 1870 in Tuesday trading session but failed to maintain this bullish move and in Wednesday trading session sellers took control and pushed the price towards 1840 Price level. This move indicates that we still have underlying bearish pressure which not allowing buyers to make big move.
After Wednesday we have seen almost flat market and we didn't see any big move . So the idea of previous report, we can say comes to be neutral .
Now if we look to the latest COT data we can see that the Money mangers showing some interest this time and adding money into long contracts (+5602) and pulling money from the short contracts (-12095).
In yesterday trading session we have seen that gold tried to breakout the 1860 level and in bottom side 1848 is Holding well. So we can think about the buy only after breakout 1960 on H1 or wait for the rejection from the bottom . For sell better wait price to breakdown the 1848 Level .
COT report sentiment :Bullish
COT Report Analysis 17 May 2022
Hello Everyone,
COT report is available for the last week (May 17, 2022) and we will analyze the COT report Data in this post.
Note: This COT report is published weekly and this is the only latest report that is available right now .The data for contracts is till 17 May 2022 and date of publication of this report is May 20, 2022.You can check the release schedule from CFTC official site from this Link
If you are visiting this page for the first time I recommend you to check the detailed article on how to read COT report by visiting this Link.
If you following this post you already knows that in previous COT report my View was bearish and we have seen a bearish move in last week so the idea of previous COT report comes true on Monday trading session (16/05/2022) and we have seen a good decline move towards the level of 1786.(24 Dollars Down move).
But after hitting that low Level gold quickly rebound from that major support and remained above this level whole week due to decline on dollar index ,Inflation fear and decline on major stock Indexes.
Now we have latest COT report for this week also and to my surprise it is still showing bearish sentiments from data. As you can see that this time also we have -8359 contracts from the Long position and +10273 in Short contracts (Big Numbers ) and this show us that how smart players are building there positions in the current bullish correction .
The only major Factor that currently helping Gold bulls is the DXY chart , In previous week we have seen good decline on the DXY and this move helped Gold to make a good move and Gold hit almost 1850 Level.
From my view I think the levels that we have to watch for is 1852 and 1860 , if Gold not able to breakout these levels then we can have decline towards 1830 and then 1800 from current price(1846) .You can check the resistance zone on H4 Time frame from the following chart :
COT report sentiment :Bearish
COT Report Analysis 10 May 2022
If you following this post you already knows that in previous COT report my View was bearish and we have seen a big bearish move in last week so the idea of previous COT report comes true and I want to congratulate those who followed the idea of previous COT report analysis .
Now Lets discuss the data from the latest COT report :
As we have seen in the previous COT report this time also we can see from the graph that this time also the smart money mangers are still pulling there money from the Long Contracts (-4897 this time) and adding money in the Short contracts (+958) and the graph is still decreasing .Clearly this is not a good sign for bulls and we can expect more decline from this data. In yesterday trading session we have seen that gold already tested the psychological barrier of 1800 but quickly bounced back from this level and closed above this level.
On daily candle and Weekly candle we can clearly see the bearish pressure due to strong DXY upside movement from last 2 weeks .
On weekly the main support is around 1875-90 zone . In the upside as we have seen in yesterday trading session the level 1827-28 is the main resistance .
COT report sentiment :Bearish
COT Report Analysis 06 May 2022
As you can see from the Data (Highlighted Box) you can see that this time also the investors are pulling money from the long contracts(-9387 this time ) and adding positions in short contracts(+3883 , Now this can be game changer for next week)
In previous COT report we have seen the same sentiments and in Last week we have seen a down move (Approx. 32 Dollar down Move in Last week ) and the idea of previous report comes true .
As we can see that long contracts decreasing this time and also they are adding money in the short contracts also which indicates a bearish sign.
From my view and from the price action the support area around 1874-1876 is the main level that we have to watch for , if gold able to breakdown this level then we can have more decline toward the price level of 1860 and then 1850 from the current price (1882.93) I am not interested in buy side until 1900-02 is safe in upside.
COT report sentiment :Bearish
Read previous April Month COT report Analysis from this link
