So gold just finished one of strongest days ever in current history, along with silver. It just made whole Swiss referendum move put on shame. The only explanation i can find for this strong move is forward rates for contracts going deeply negative, which means shortages of physical are starting to show and market prepositioned here on such info. There is defenetly confirmation of increase of future contracts trough volume, but somehow considering how strong move was and how low volume was it just doesnt sum well together. There might be some serious physical buying going on, which is not yet displayed.
http://prntscr.com/5c6pfh
Expected move is up on bounce here, i am defenetly not interested in any longs up here as when tomorrow London kicks in i think we could see selling going on from manipulators, would be rather surprising not to see it.
http://prntscr.com/5c6r1n
GCAD down view:
http://prntscr.com/5c6s1s
GU down to target 5715, could still test H4 high before doing so.
http://prntscr.com/5c6pfh
Expected move is up on bounce here, i am defenetly not interested in any longs up here as when tomorrow London kicks in i think we could see selling going on from manipulators, would be rather surprising not to see it.
http://prntscr.com/5c6r1n
GCAD down view:
http://prntscr.com/5c6s1s
GU down to target 5715, could still test H4 high before doing so.