GOLD - Multi Time Frame Analysis Fundamentally - Bullish

Mar 28, 2020

First of all I have looked into short time frame between 1h to 4h considering technicals. With the technicals I have found gold is showing up some bullish structure.

Lets take a look into COT data now, Considering changes from 17th March Showing 523+ towards longs and -5927 towards Shorts. Which means selling pressure has reduced in a huge amount

Mar 28, 2020

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Mar 28, 2020

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15 mins Structure showing an descending triangle in position supporting bulls

Mar 28, 2020

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Mar 28, 2020

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Daily chart with a rising wedge but price is running with a reduced bear pressure for few days. And also Dollar Index showed up weak move