Jordan Roy-Byrne of www.thedailygold.com will be doing regular precious metal updates on each Thursday starting today. He gives us an overview of the latest COT results on his channel. The Net spec position is currently at an extreme. For gold, there is resistance at the 1550 level and Fibonacci resistance at 1550.
Gold is currently between support and resistance and a measured upside target of 1700. It may just keep running in spite of the COT spec positions. GDX & GDX.J are testing long term resistance.
