24 days ago • Posted by Jasper Lawler

COT Report: Gold positioning "is a bullish setup" - Shedlock

Managed money started unwinding contracts (long liquidation) in February 2020 yet the price of gold, albeit with one dip, exploded higher. 

That was a very bullish setup.

Current speculator positioning is nowhere near extreme. Their position is building and the price is rising. 

This is a bullish setup. Those who expecting another washout (blue box) and waited for it missed much of the move.

Source: MishTalk.com

COT Report: Gold positioning