Positions as of 16 November, 2021
Gold sideways but remains strong. Slow stochastic above 79, bullish. Pros are buying the pullback and targeting $1,900 area next.
Gold is about to see the 100 day average crossing over the 200 day. Another bullish sign. Upper Bollinger band around $1,894.
Gold has not lost its embedded reading, pros are buying down here.
Crypto enthusiasts would be wise to stop comparing crypto to gold. They should do the right thing… and just buy some gold.
Gold has an embedded reading, very bullish.
Positions as of 9 November, 2021.
ETFs continued to sell, bringing this year’s net sales to 9.11M ozs. Total gold held by ETFs fell 8.5% this year to 98M ozs, the lowest level since May 13, 2020.
The week of October 22nd, there was a momentum shift in gold. It is hard to be bearish with this kind of chart action.
They will keep on manipulating the global financial markets.
