FX Trade Analysis: Gold-May-01-2018

[Zack Zarr 5]

Gold Analysis based on May-01-18 COT Report

 

A snapshot of my journal from May 1st 2018 for Gold is shown in this post.

 

Big players trading Gold have somewhat different behavior than the currencies. This is because of the fact that Gold is a physical commodity. There are certain levels in the long and short position sizes than they follow. In these screen shots I show few of their particular habits when trading Gold. The bullish case for Gold has been running for about two years now. As I mention in these notes from my journal, I have seen few signs of the swing low on the Gold which is why I have been short for quite a while. You can see my trades in this post.

 

However, we are approaching some key positioning levels which I cannot ignore, and the reason for starting few long trades. Several more levels must be broken until I am convinced of a bearish trend in Gold. More of this type of analysis will come.

 

 

For more information on this type of analysis check out the previous posts in the education section of the forum here, here, and there.

 

If you want to discuss further and clarify things, please send me a message to [email protected]

 

Zack