3 Gold Charts We Are Watching

Decision time

Gold bounced on the long term trend line again...but it remains below the short term trend line. A close above it and things could get dynamic again. Note the 100 day held, and the fact we are above the 50 day as of writing.

Source: Refinitiv

 

Gold lagging

Gold has lagged black gold and copper, not to mention the lag vs little brother, silver. Chart YTD.

Source: Refinitiv

 

Not enough longs

Gold net-non commercials at relatively low levels. Can they "afford" to watch gold move higher?

Source: Refinitiv