After being dormant for over 2.5 months, a whale opened 1,663 $GOLD and 43,870 $SILVER long positions with 20x leverage, with a combined value of $11.5M.
https://t.co/5XQRn3MeJI https://t.co/TXgrTm3NVW
After being dormant for over 2.5 months, a whale opened 1,663 $GOLD and 43,870 $SILVER long positions with 20x leverage, with a combined value of $11.5M.
https://t.co/5XQRn3MeJI https://t.co/TXgrTm3NVW
$GOLD
I waited until the end of the day to provide an update, hoping for additional clarity. However, there was no notable development in the price movement. The orange scenario has gained probability over the past few days, but the overall structure remains fragile and a pullback in wave (B) cannot be ruled out at this time.
The focus remains on how the price behaves around the 4.900 $ resistance level. A breakout above it would open the door for a move toward 5.054 $.
$GOLD W 🟨
Pretty Goldilocks, here. Not bearish but not quite bullish. I've adjusted the Fibonacci levels to span its recent low.
It's up against pretty tough resistance at the 0.500 Fib (where it tried to punch) but is also up against the convergent resistance of the Tenkan and Kijun. A back-test of the 0.382 Fib is necessary.