PRECIOUS METALS | Gold Options Positioning Shows Split Views Near Spot Price

Bullish and bearish positions were both increased near the current spot gold price, indicating a divergence in market views. According to Jin10, bullish call options returned to elevated levels of positioning, while a small amount of call options around the 4,1xx level exited, which may place some limits on further upside. Put options around the 4,0xx level saw an increase of more than 100 contracts, and were described as a possible first target for a pullback.