Gold COT/Futures/ETF Positioning & Rangebound Tech Post-CPI
Key Questions
What is the current COT net-longs position for gold?
COT net-longs stand steady at 160k for four weeks. LBMA remains cautious. This reflects stable futures positioning.
What is gold's key consolidation range?
Gold consolidates at $4700-4764 below $4850 resistance. $4735 Fib support holds. A $4800 break could target $5000 or drop to $4500.
How are gold ETFs performing recently?
Gold ETFs defied March outflows to extend quarterly inflows. Heavy selling was offset by broader trends. World Gold Council notes the streak.
What technical levels matter for gold now?
Gold eyes third weekly gain to $4755 in 4700-4850 range. It stalled at $4900 resistance with bear signals. Rangebound pre-US CPI per DBS.
What options activity surrounds gold?
Options show straddles, puts, and calls ahead of CPI/Fed. Positioning reflects uncertainty. Surge then fall followed ceasefire violation.
COT net-longs 160k steady, March ETF outflows $12bn but Q1 +62t inflows (Asia record); cons $4700-4764 below $4850 resist ($4735 Fib), $4800 break for $5000/$4500, options CPI/Fed vols; range 4700-4850 holds.