FX.co ★ XAU/USD, GOLD

Hello traders, Judging by the COT reports, there is increasing pessimism in gold. Market participants have been actively getting rid of long positions, betting on a decline, especially after these positions reached a peak for the last four months a couple of weeks ago. As a result, the net position is now at a two-month low. If this trend continues, gold may continue to depreciate.