O,
I am actually leaning towards the bullish side on Gold (not so much silver atm).
As I see it the COT data is starting to favour the long side here (in the Disaggregated report at least)
If I see some bullish PA above the recent low I will be looking to get long most likely, knowing full well that the trendline (or 1700) will provide resistance.
The precious metals as a complex are a little confusing fundamentally in my opinion. It's a tough one as I am bearish PL and PA and they are knocking on some hefty resistance atm.
MPB.
I am actually leaning towards the bullish side on Gold (not so much silver atm).
As I see it the COT data is starting to favour the long side here (in the Disaggregated report at least)
If I see some bullish PA above the recent low I will be looking to get long most likely, knowing full well that the trendline (or 1700) will provide resistance.
The precious metals as a complex are a little confusing fundamentally in my opinion. It's a tough one as I am bearish PL and PA and they are knocking on some hefty resistance atm.
MPB.