The positions below represent the institutional positions held as of November 5th 2019!
📊 In the Markets: This week we had #gold dropping from the monthly supply with some momentum. This has done very well for the positions we hold on the portfolio. We also saw the #usd react from the weekly demand zone we had mapped out. According to market dynamics, it is this weekly demand that should hold and continue to push price upwards to eventually take down the monthly supply we have dropped from. If this is to take place, we can safely assume that the #eurusd, #gbpusd, #audusd and #nzdusd should continue the move downwards that they previously held. This is what we can speculate on but in the meantime we also have to remember some very specific situations we have on some of the pairs. Nonetheless, we should stay focused on what is currently in play right now and expect this theme to continue forward unless we see proof that something else is afoot.
Overall the markets have moved the way we anticipated they would, especially with #gold. Our portfolio is looking very good right now as we closed the week off with all nine open positions in the positive. The main thing to remember with gold is that the momentum has shifted downwards and it has taken a long time for this to play out but during this entire time, our portfolio has been earning positive swaps, essentially being paid to have the position open. This is why we entered into the short very early when supply was first contacted, because we knew that it would take some considerable amount of time until the reversal and we are not done yet. We will continue to look for opportunities to enter short on the chart until we see signs that the move down has ended. What specific signs will we be watching for? Keep your eye on the gold observation journal for more information on that!
This year will end very strong for us and the portfolio, record number of students, many of which are participating in classes and we are seeing strong progress. Keep up the great work everyone!
🎩 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 🚨📺👇