Gold Cot Report Analysis and Prediction 

Gold Cot Report Analysis and Prediction 06/09/2022

Hello Everyone,

Gold COT report is available for the last week (Sep 06, 2022) and we will analyze the COT report Data in this post, and we will discuss the possible next move by gold.

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 06 September 2022 and date of publication of this report is September 09, 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 check the detailed article on how to read COT report analysis by visiting this Link.

August Month COT Report Analysis Link  

So, if you check the latest Gold COT report for the last week you can clearly see from this report that #Managed money or smart players you can say reduced their net long position by 5919 contracts (-$1.4B) Bullion banks exodus continues, adding their net short position by 12831 contracts, and if are following my weekly prediction video and this post  on gold then already knows that the same kind of data we have seen in previous week COT report .Also as mentioned in video  the sentiments from the COT report was bearish and the latest COT report is showing the same sentiments that mean this COT report is showing bearish sentiments as we have seen in previous COT report  .

The bulls have not yet won, but a rise above $1,728 is likely to unleash new forces and trigger gains to $1,740 and $1,755. Currently, a breakdown of $1,703 would be a sign of the end of the recovery. The result would be a dip to $1,688 and $1,670. Here the bottom of the range would be reached and below it a large sell signal with a first target at 1,640 USD would be activated.

As we can see on the chart that gold failed to break above the 1728 price level in last week so the is the major concern for bulls, to come back gold need to breakout this major resistance level.

GOLD at the end of the recovery? by iambalramkashyap on TradingView.com

Gold Cot Report Analysis and Prediction 30/08/2022

So, if you check the latest Gold COT report you can clearly see from this report that #Managed money or smart players you can say reduced their net long position by 4089 contracts (-$1.4B) Bullion banks exodus continues, adding their net short position by 6234 contracts, Gold #Futures O.I increased by 6,027 contracts to 463609 and if are following my weekly prediction video on gold then already knows that the same kind of data we have seen in previous week COT report .Also as mentioned in video  the sentiments from the COT report was bearish and the latest COT report is showing the same sentiments .

Also, in Friday trading session we have seen that after making low around the 1688 price level gold rebound from that level and traded above 1700 all day, So 1700 is our major level to watch and we can look for buy if it able to close H1 above the recent high (1718) but if it is not able to hold on 1700 in Monday trading session then we can look for sell and it can test the major support 1680 or low.

And this is the summery of gold COT report:

You can refer the following chart of gold price and net OI and check how it behave on the net OI 

You can check the previous week analysis from following video ,