COT Report Analysis 21 June 2022
Hello Everyone,
COT report is available for the last week (June 21, 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 21 June 2022 and date of publication of this report is June 24 , 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.
April Month COT Report Analysis Link
May Month COT Report Analysis Link
If you following this post you already knows that in previous COT report my View was bearish but as recommended in previous analysis that I will do the reverse of that so both the ideas of previous COT analysis comes true because we have seen good decline and good bounce on each decline due to range market movement.
Now for this week COT report under managed money section you can see that this time smart money managers adding money into the Long contracts (+4109) and pulling money from the short contracts (-8789).
As you already knows that on Monday we have expiry day so we can expect good move in both direction .
COT report sentiment :Bullish
COT Report Analysis 17 June 2022
If you following this post you already knows that in previous COT report my View was Bullish (Check May month COT report from the Link Provided above ) and the opening price of previous week was 1871 and we that in previous week gold open with GAP UP (1879) but did not maintain the bull run and closed the gap within 4 Hr TF and fall sharply as Investors have dramatically raised their bets that the Fed will raise interest rates by 75 basis points (bps) rather than 50 bps, a swing in expectations which has fueled a violent selloff across markets and so we can say that due this the idea of previous COT report was not worked well but as shared many time in telegram we already trading at low price so My view after this selloff changed to bullish and we managed to catch the buy move .
Now if we look to the latest COT data
we can see that this time the smart money manager now pulling money from long contracts (-6104) and adding money into Short contracts (+14522 =Big Move) and this show a bearish trend but we can't ignore the macro environment that currently favoring gold and also as this is the seasonally best time to buy gold is around now(mid-June). Soon, Indian& Chinese(biggest gold buyers accounting for 1/2 of gold consumption) begin buying (for second half holidays & wedding season).Yes we can expect some down move toward the 1800 level or Low (52 Week) but I think better look for buy for long term now.
COT report sentiment :bearish but I am going to follow the reverse of it this time.
COT Report Analysis 07 June 2022
Hello Everyone,
If you following this post you already knows that in previous COT report my View was Bearish (Check May month COT report from the Link Provided above ) and the opening price of previous week was 1851 and we have seen good decline and gold tested the Major support level 1828 (Low 1825) this mean we have seen approx. 26 dollar move from the opening price and this means that the idea of previous COT report comes true, Kudos to those who followed my analysis .
Now if we look to the latest COT data
we can see that the Money mangers adding money in Long Contracts (+2484) and pulling money from short contracts (-4254) also in yesterday trading session we have seen good bounce from the major support of 1828 and currently gold price trading at the resistance zone of 1870-75 .so if gold able to maintain this bull run then we can expect test towards the psychological level of 1900 in coming trading sessions.
COT report sentiment :Bullish
