March 10th 2020 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market
Based on the Commitments of Traders data reported on: March 3rd 2020
📊 In the Markets: This is a very interesting time in the markets right now as so many things are shifting in new and clear ways. As I write this the 3 month supply has been taken out on #Gold, this puts the dynamics of the chart in new territory. Upside potential is now unlocked, maybe hindered for the time being by the over exposure of long positions by the institutions
but anything can take place over the next few months with gold price. The pathway up has been cleared and this is a fact.
When we look at the #dollar we can see that price is still holding the monthly range and until this range is broken, we can’t know for sure where price is likely to go but if this range breaks to the downside, price can very easily drop to the 90’s. It will come down to the #eurusd and the #dollar and what will lead the pack. I say this because there are slight differences between the two charts; the #dollar suggests we could see more lows coming, whereas the #eurusd tells us that a move higher could very much be hindered by supply forces coming into play right now. This is very interesting times and could likely lead to some great trade signals coming our way. The key will be to have patience, many big moves are happening but we can’t be lured into trading because of a fear of missing the move. The #institutions are creating these moves right now so we have to wait for them to create the map first and then we follow their lead and engage afterwards. Understanding this is vital!
🎩 Magic Trader!
🏫 White Oak University 👩🎓 Students 👨🎓 you can see the full report here: https://www.whiteoakfx.com/the-araujo-report
🚨🏆 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!
👇📺🚨 Here was last weeks video provided to members 🚨📺👇