The GOLD bears are stuck

١٥ أكتوبر

These circles (on the chart) show where bears are stuck. Such levels have a great inductive element to them. And how they're crossed, whether they hang around for a while or rebounce quickly, gives a good indication of what the market price will do next.

Moreover, according to publicly data, the average retail positions level is approximately $2,580.
In other words, the market appears to be trending upwards, with average bulls positions already in the positive field