Or / Dollar Américain
Long

GOLD. Trend change in the near future.

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At the moment, the trading instrument is probably in a bullish trend and is working out "5" wave, which is the last wave in the current upward trend.

The data from the SoT reports on gold futures reflect some growth in bearish sentiment. After a month-long build-up, traders slightly reduced their net position on price growth, and this tells us about profit-taking.
The data from the SoT reports on the dollar index (USDX) reflect the growth of bearish sentiment in the US currency. Traders have reduced their net position on USD growth in the last week, and this tells us just about a short-term increase in prices for noble metal.

Based on my vision of the market, I can add the following, in order for the price to change from an uptrend to a downtrend, professional market participants need liquidity, which, I believe, will affect the price chart in the form of growth, where we will enter the market for sale.

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