September 1st 2019 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market
The positions below represent the institutional positions held as of August 27th 2019!
📊 In the Markets: We must tread very carefully in the markets these coming days/weeks as we can clearly see that the institutions are very aggressive with many of the pairs they hold positions on. When they are so aggressive we usually see profit taking occur which fuels reversals. The pairs likely to do so are the #audusd $nzdusd $eurusd and #gbpusd and this is very interesting because when you look at the #usdcad #usdchf and #usdjpy you can see that they are not very aggressive. A key thing to note here is that those #dollar pairs are showing a more bearish look to them just as the #dollar is hitting higher timeframe supply and at the same time the #eurusd has hit fresh demand and the other pairs I mentioned prior are showing very bearish and aggressive positions. All this combined must have us put up a red flag.
So what do we do for now? We watch and see what the markets want to do. We are already situated in #gold short as it has hit some major supply and the institutions are heavily long which we know will lead to profit taking and a move lower in price. All these are aligned together to make the odds of the short in our favour.
Again, I’ll be watching the markets this week and the following for any strong signs of reversal because at the end of any possible reversal we believe there will be a great opportunity to engage in the markets for a continuation of the larger moves.
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