XAUUSD - COT: BEARISH SENTIMENT
W1: Donwtrend, in the demand zone which is not strong
D1: downtrend and sidewas last two weeks, int the demand.
H4: Downtrend.
Levels to watch:
Supply: 1245, 1259, 1261
Demand: 1236, 1228, .1220
Yellow metal is under pressure and banks numbers confirm that. They are verey aggeresive in short 132K. While longs are cooled of, but last week added 4K longs which moved price a bit higher. From tuesday price droped again. I believe in small technica coreaction befor more shorting occur. 1270 could be good target.
W1: Donwtrend, in the demand zone which is not strong
D1: downtrend and sidewas last two weeks, int the demand.
H4: Downtrend.
Levels to watch:
Supply: 1245, 1259, 1261
Demand: 1236, 1228, .1220
Yellow metal is under pressure and banks numbers confirm that. They are verey aggeresive in short 132K. While longs are cooled of, but last week added 4K longs which moved price a bit higher. From tuesday price droped again. I believe in small technica coreaction befor more shorting occur. 1270 could be good target.
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