The commitment of trader report shows the position of managed money in the futures market. Data is collected on Tuesday and published on Friday. Why they wait three days before publishing the data is a mystery, considering we live in a digital age where it could be posted immediately.
The “dumb” money is bearish on gold.
Gold, believe it or not, is actually seasonal. It performs better in certain months. We are in the seasonally bullish months.
I believe a sizable bounce is coming in the price of gold. I went long here.