Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Sunday, July 21, 2013
Gold COT (Committments of Traders) Report Chart
The gold COT chart looks like an Indian arrowhead. The red circles show tops in gold and the green circles show bottoms in gold. Gold is in a recovery move right now so it is simply a question of how far it will recover on this up leg. The prior bottoms typically lead to 2 to 4 weeks of upside so there may be a week or two of upside juice remaining in gold before a pause. COT is a lagging chart since the information may already be one week old. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision. Excellent COT charts for all commodities are found at; COT Charts
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