This is the previous typical market action in the gold futures market... A move up to get everyone to jump in long, then the short sellers plow in and take the price down to crush the long traders. That would happen each day. Attached is a screenshot of a 15 minute chart to show what would happen in a typical day. But during the last two days we have a change of behavior with no massive short selling. Jacob Rothschilds death have something to do with this change? Will this change in market behavior for gold last and continue?
March 01, 2024