Back
XAUUSD is in a bullish mood and continues to be actively bought up by large funds.
The bullish index of large speculators in Gold over the past week rose by 0.27 and reached 3.68.
Aug 1, 2021
1 min read
Anna BakkerNews analyzer

Over the past week, the COT (Commitments of Traders) report for gold shows a confident build-up of a long position by large speculators. The buy position increased to 199.4 thousand contracts.

At the same time, hedgers are increasing their short position for the fourth week in a row and its total volume reached 228.8 thousand contracts.

Open interest rose to 500.2 thousand contracts.

gold cot

Overall, the data suggests bullish sentiment for the precious metal. The long position has been increasing during the month and has reached the maximum in the last 2 months. At the same time, the short position, which was opened by large funds, is decreasing. All this signals the continuation of the upward trend in XAUUSD.

This is the right time to start buying gold with the best brokers.

Last article
Read other articles
Anna Bakker News analyzer
Investors plan to hear clear signals from the Jackson Hole symposium, but things could go differently
Aug 27, 2021
1 min read
Anna Bakker News analyzer
Bitcoin on Wednesday, Oct 20, Reaches All-Time Highs After ETF Launch The Day Before
Oct 21, 2021
1 min read
Anna Bakker News analyzer
USD fell sharply after the publication of the results of the US Federal Reserve meeting.
Jul 29, 2021
2 min read
Forex Expert Advisors for your Profits
Forex trading robots based on AI. Innovative trading technologies for a stable growth of your profits