top of page

August 11th 2020 - Institutional ๐Ÿฆ Positions & Supply/Demand for Gold, Oil and the FOREX market

Based on the Commitments of Traders data reported on: August 4th 2020

๐Ÿ“Š In the Markets: What a #GOLD (2034) market it has been. Price reached 2075 very quickly and this is coming as long positions are starting to become aggressive and shorts are starting to be added. There is going to be a pullback at some and as Iโ€™ve been saying, timing the pullback is next to impossible at this point as we are dealing with a live market which is not responding to previous zones. Demand on lower timeframes have been hitting and rallying but this will come to an end.

We also have the #EURUSD (1.1787) hitting near all-time high long positions again and this

will lead us to suspect that a drop is very imminent. Price has also hit a weekly supply area so this is in line with our expectations as well. Momentum shifts are already starting to take place on the #Dollar (93.39) as well.

We went over the #USDCAD (1.3383) in some detail in a recent session and we determined that a rally to the 1.33โ€™s was possible and this has taken place. We also noted how shorting at these levels would be very dangerous. We do expect more downside to come at some point but there is strong chance a rally will form from here.

The market is setting up for some explosive moves and we have some trade signals already present and they have been noted here: These are exciting times right now and we are ready and waiting to take advantage of the bigger moves that are coming!

๐ŸŽฉ Magic Trader!

๐Ÿซ White Oak University ๐Ÿ‘ฉโ€๐ŸŽ“ Students ๐Ÿ‘จโ€๐ŸŽ“ you can see the full report here:

๐Ÿšจ๐Ÿ† Win a FREE month tuition paid by us by following us on Twitter @WhiteOakFX and Retweet our links and SHARE our YouTube videos to continue getting them for FREE!

๐Ÿ‘‡๐Ÿ“บ๐Ÿšจ Watch a FREE PREVIEW of what students receive ๐Ÿšจ๐Ÿ“บ๐Ÿ‘‡

bottom of page