Gold bullish but overbought for now
Friday’s COT numbers confirm a generally bullish setup, but on Comex gold is in overbought territory.
Being Labor Day, US and Canadian markets are closed, which is an opportunity to take stock of the outlook for gold and silver prices. In this brief update I summarise technical and market factors.
First up is gold’s technical position.
Keep reading with a 7-day free trial
Subscribe to MacleodFinance Substack to keep reading this post and get 7 days of free access to the full post archives.