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gold position map show similar sign to what happened in early 2016

GOLD Technical Analysis


Since November, gold has strengthened, combined with the strengthening of the dollar around the world, Many are concerned about the strong dollar, there is a correlation between the dollar and the metals; however, both have rallied together for the past few months.



Gold price technical analysis
As long as gold XAU/USD stay and trade below 1319+_ the trend is bearish, if gold will cross up above 1319 I am expecting to meet 1460 areas
There is a major supporting price band imprisoned between 1207 and 1223 Strong support: 1224 & 1211 price areas are meaningful numbers and the big trend support stay in 1243
Correction is more than welcome but...... for my opinion its only correction!
Gold closing below $1209 will be sent him to lower numbers the first immediate target could be $1180, $1145, $1045 and then $931.


Gold  technical analysis
Gold  analysis

cot position :
You can see a pattern of action similar to what happened in 2016, will this happen again?
Notice the positions that were then and now
If so it is going to be interesting for the yellow metal

GOLD map position
GOLD position 


This review does not include any document and/or file attached to it as an advice or recommendation to buy/sell securities and/or other advice