Gold neutral

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Gold neutralGold FuturesCOMEX_DL:GC1!BraaiTraderTomI use the daily timeframe for my direction and my 4 H timeframe to make my trading dicisions. Current biad neutral. Further I use a combination of the COT report and TradingView summary. Gold: COT and TradingView (Oct 29, 2026) COT (as of Oct 20) Hedge funds (managed money) hold 120,970 longs against 16,764 shorts, a net long of 104,206. fxempire This is the seventh week of speculative selling. Net length has fallen from a peak near 144,747 on Aug 25. Substack Funds are mainly closing longs rather than building shorts. Gold ETFs also saw $1.1bn of outflows. Substack Bias: still net long, but trending bearish to neutral. TradingView ideas (Oct 29) Price is around 4,030-4,055. Most ideas are bearish, citing a falling channel and rejection at 4,065-4,070. Support: 4,018-4,029, then 3,976, then 3,937. Resistance: 4,070-4,095. A minority expect a bounce from 3,965-3,980. Bias: sell rallies into resistance while below about 4,095. A break below 4,018 targets 3,975. Disclaimer: This is my personal opinion, based on experience built over years. I might or might not enter trades, and I might close trades when my personal goals are reached. This is not trading advice, and each trader is responsible for their own decisions.