🏦📊 Banks are Profiting on Gold 🟢 Long positions - CFTC Report for April 25th Data
Based on the Commitments of Traders data reported on: April 25th 2023
#GOLD the banks are offloading their long positions which will likely cause gold to drop medium term as they reposition themselves.
$AUDUSD - Banks are accumulating within an bearish cycle so there only focus has been on shorts lately.
$USDCAD - profit taking on long positions is the current theme.
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