Non-commercial positioning from the commitment of traders report started to swing towards net long positioning recently.
Combining with a technical perspective, we are seeing a decent opportunity to long gold around 1223 area, targeting 1259 region.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Combining with a technical perspective, we are seeing a decent opportunity to long gold around 1223 area, targeting 1259 region.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.