{"id":432678,"date":"2018-07-30T00:42:06","date_gmt":"2018-07-30T04:42:06","guid":{"rendered":"https:\/\/goldtadise.com\/?p=432678"},"modified":"2018-07-30T00:44:39","modified_gmt":"2018-07-30T04:44:39","slug":"gold-the-short-side-is-rather-crowded","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=432678","title":{"rendered":"Gold: the Speculative Short Side is rather Crowded"},"content":{"rendered":"<p><strong>I just received this:<\/strong> <a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/07\/ChartWorks-GoldPotential-Spring.-07-29-18.pdf\">https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/07\/ChartWorks-GoldPotential-Spring.-07-29-18.pdf<\/a><\/p>\n<p><strong>Also:\u00a0\u00a0\u00a0\u00a0\u00a0 Gold** Weekly and Daily August 2018<\/strong><br \/>\nSupport 1200 plus\/minus. Resistance 1245.8, closing basis. A likely wave objective for a wave-5 is the 1208.6 to 1214.8 range. The low thus far has been 1210.7. Prices, however have not shown any rush to depart current levels for higher ground.<\/p>\n<p>The CFTC numbers tonight reduced the net commercial position from 57,019 net short one-week ago to net short 49,820 futures and delta weighted options. <em>That position is down 84.2%.<\/em> Based on a history of large liquidations of this hedge position, conditions are in place for a low. We cannot say the position will not be further reduced nor that prices cannot go lower, only that conditions favor a price low for gold.<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/07\/Gold-Weekly-Daily-August-07-27-18.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-432679\" src=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/07\/Gold-Weekly-Daily-August-07-27-18.bmp\" alt=\"\" width=\"376\" height=\"197\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just received this: https:\/\/goldtadise.com\/wp-content\/uploads\/2018\/07\/ChartWorks-GoldPotential-Spring.-07-29-18.pdf Also:\u00a0\u00a0\u00a0\u00a0\u00a0 Gold** Weekly and Daily August 2018 Support 1200 plus\/minus. Resistance 1245.8, closing basis. A likely wave objective for a wave-5 is the 1208.6 to 1214.8 range. The low thus far has been 1210.7. Prices, &hellip; <a href=\"https:\/\/goldtadise.com\/?p=432678\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2818,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-432678","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/432678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2818"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=432678"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/432678\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=432678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=432678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=432678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}