Institutions Do Not Want The Gold Dollar Up. WHAAAT!!
next week forecast April 13th to 17th 2020
institutional positioning is not magic but we have to know what they are doing! to better understand the market.
as the price was falling since 5 weeks ago they cooled off their shorts toward 1450, and now they are cooling off longs as the market starts to bounce higher...
this week's data shows that they gave back long positions to retailers in order to let them buy highs, and they add shorts selling positions this week. they did not add any short positions for 2 months from now.
rising wedge on the play for the next week and top side points is near...
bearish scenario 75%
bullish scenario 25%
institutional positioning is not magic but we have to know what they are doing! to better understand the market.
as the price was falling since 5 weeks ago they cooled off their shorts toward 1450, and now they are cooling off longs as the market starts to bounce higher...
this week's data shows that they gave back long positions to retailers in order to let them buy highs, and they add shorts selling positions this week. they did not add any short positions for 2 months from now.
rising wedge on the play for the next week and top side points is near...
bearish scenario 75%
bullish scenario 25%