That is a funny way to start the post as in a forum the advantage is that you can post anywhere
Thanks for sharing your view on gold.
From a COT perspective, the one strategy I like the most and also like to use is the “1 minute Commodity Trader”. You find a link for the description on the first post of this thread.
Based on that, gold is not giving as good signals lately as in many occasions, this is due to the fact that we have a ranging market condition if we look at the last two years.
The trend is decided first in that strategy and then we only look to enter the trades in the direction of the trend.
Looking at the last trend changes, we had on in the beginning of 2016 when an uptrend formed, and one in the end of 2016 when the first sell signal came.
Based on this strategy we are still looking for sell signals. It is a good RRR to trade on this strategy as the SL does not need to be wide compared to the possible TP level.
And if a trade is stopped out, then it is an early indicator for a trend change.
From a COT perspective we are in a downtrend, but from a technical analysis perspective the lowest low on the weekly wasn´t broken yet.
Interesting is the difference between commodities, copper is already in an uptrend based on that strategy.
Good trades to you,