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馃攷馃搳 Your CFTC Data Analysis - Mar'24 馃毃 Featuring GOLD

Based on the Commitments of Traders data reported on: March 5th'23


$GOLDprice being pushed up by the banks. Retail offloaded some shorts but not enough to spark a drop in price. Not seeing this rally sustainable at this point.


$USDWTI 聽-daily supply removed but no demand formed.

NOTE:聽Remember what we鈥檝e said with respect to the $USO and the massive supply in play.

$EURUSDthere is s a lot going on with this pair.

路聽聽聽聽聽聽聽聽 Monthly chart remains bearish.

路聽聽聽聽聽聽聽聽 Weekly, bullish because of tested weekly demand.

路聽聽聽聽聽聽聽聽 Daily we should be watching for as supply was removed and new demand formed. Will it facilitate the monthly or weekly?

路聽聽聽聽聽聽聽聽 4H clearly upward trending for the time being.

$TLTI still have my orders to add to my long.


S&P 500聽watching this monthly chart for signs of more upside to come.


馃攷馃搳聽CFTC EXPERT ANALYSIS


馃帺 Each week I will highlight a specific pair from the Araujo Report. The analysis will be a potion of what's made available to members.


GOLD:聽Institutional traders have aBULLISH/NEUTRAL SENTIMENT


Force of Price

FORCES

Mn

Ranging

Wk

Ranging

Overview:Price rallied aggressively and the banks increased their longs from 214k to a super aggressive 264k聽as shorts dropped slightly from 73k to 72k. Sentiment dips into bullish territory. These increases in longs are substantial but let鈥檚 remember that the supply/demand structures are not such that would provide support for a continued move higher, at this time. Watching for monthly close above previous highs and potentially the newly formed weekly demand to provide something of substance, if price was to retrace back to there. To the left of the weekly demand is a lot of trading which also suggests this zone is weaker.




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