December 1st 2020 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market
Based on the Commitments of Traders data reported on: November 24th 2020
📊 In the Markets: What do we have here with the markets? We have the #EURUSD breaking through institutional supply signaling a move much higher is in the works. Now remember, the banks have been extremely long and then they took some profits and this seems to be in preparation for taking price much higher. We still have some MAJOR supply to contend with but all evidence is signaling a move higher right now.
GOLD has contacted the demand we have been watching for some time now. The move down to this area was forecasted by us many months ago and it played out perfectly and now we will be on the watch to see if the banks will start buying again, we believe we will see this.
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