Based on the Commitments of Traders data reported on: April 10th 2022
#Gold - price has dropped from the 2k mark down to 1810's. This move was forecasted before it took place. The Banks have been taking profits on their long positions while luring traders into going long. More downside is coming longer term.
#OIL - keeping within the range between $125 - $90 and we expect this to be the case for a while and higher timeframe charts are dictating price action.
$USD - contacting some institutional supply up in these areas. Price could head even higher but at some point we expect to see a decline in price as it will retrace to more areas for buying lower on the charts.
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