Upcoming Breakout in Gold Longs?

by Ashraf Laidi
Nov 8, 2021 17:05

We know that Gold's commitment reports from the Comex is for the trading working period ending in a Tuesday. The last data point in the yellow graph is for the week ending last Tues (Nov 2nd), so the next data point (due this Friday Nov 12th at 15:15 Eastern 20:15 GMT) is for the week ending Tues 9th. Since we know what happened to gold over the last 6 days, the next data point will likely show a breakout in net longs. For more background, see a recent video about net Comex commitments.

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Upcoming Breakout in Gold Longs? - Gold Net Longs Nov 8 2021 (Chart 1)

 

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