XAUUSD 19th APRIL 2022
The price of Gold was supported by investors against Russia and Ukraine as well as the outlook for China's economic growth given.
Based on the COT report that was last released, it showed that large institutions tended to hold contracts for long positions totaling 165,244 more than short 48,219, and they continued to add to their total 16,924 more long positions than short 1,526.
We can see the price forming a bullish channel, we can take this opportunity to buy near the support area.
Based on the COT report that was last released, it showed that large institutions tended to hold contracts for long positions totaling 165,244 more than short 48,219, and they continued to add to their total 16,924 more long positions than short 1,526.
We can see the price forming a bullish channel, we can take this opportunity to buy near the support area.
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