{"id":6178,"date":"2018-04-09T10:28:21","date_gmt":"2018-04-09T02:28:21","guid":{"rendered":"http:\/\/swingfish.trade\/blog\/?p=6178"},"modified":"2018-04-10T07:12:57","modified_gmt":"2018-04-09T23:12:57","slug":"09-4-2018-jacga","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/library\/market-currency-forex-opinions\/09-4-2018-jacga-6178\/","title":{"rendered":"09\/4\/2018 JACGA"},"content":{"rendered":"<p>Sorry for the long absent, I was being lazy (hey, it is what it is no need to make up an excuse for it)<\/p>\n<p>COT report for gold last week see a <strong>VASTLY<\/strong> different in opinion between large speculators(Mostly Bullish) and commercial sector(Mostly Bearish) but in the end the short contracts are still outnumbered the long, though not by much.<\/p>\n<p><!--more-->In my opinion, the one we should pay attention to is the Commercial sector&#8217;s, they have <strong>351,473 short<\/strong> contracts against <strong>162,608 long<\/strong> suggested that they&#8217;re confident that POG will be <strong>bearish<\/strong> for a good while.<\/p>\n<p>However, I don&#8217;t think it will last long, I estimated the lowest low of the current downward swing at around <strong>1320-1310<\/strong> level before coming back up again, when it will test <strong>1348,\u00c2\u00a0<\/strong>The prospect of a trade war will certainly help push the gold up even further.<\/p>\n<p><strong>Economic Events to lookout for (High volatility impact for gold):<\/strong><\/p>\n<p>10 April: U.S. Producer Price Index data<\/p>\n<p>11 April: Consumer Price Index data<\/p>\n<p>12 April:\u00c2\u00a0FOMC Meeting and Jobless Claims<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sorry for the long absent, I was being lazy (hey, it is what it is no need to make up an excuse for it) COT report for gold last week see a&hellip;<\/p>\n","protected":false},"author":132,"featured_media":6161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[6],"class_list":["post-6178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-currency-forex-opinions","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/6178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/132"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=6178"}],"version-history":[{"count":4,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/6178\/revisions"}],"predecessor-version":[{"id":6777,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/6178\/revisions\/6777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media\/6161"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=6178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=6178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=6178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}