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XAUUSD discussion

The fireworks coming again next week ...FOMC
@Aymankkhlifat
Quoting forexpipss
The fireworks coming again next week ...FOMC
Welcoming FOMC...
resistance at 2006- 2013 (orange) or higher 2035-40 (yellow)
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Gold weekly,

very important base being put in. as long as the support holds i would be looking for a short term rally to the 89ema.

that's aslong as the base holds out. a few failed pushes validating this idea.
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http://www.zerohedge.com/news/2015-0...bullion-prices

Read down; see the chart - we knew about short selling and settling in cash not delivery, but now we see the use of derivatives.
  • Post #46
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  • Last Post: Edited at 7:37pm Jul 11, 2015 10:25am | Edited at 7:37pm
Quoting Greenstar
http://www.zerohedge.com/news/2015-0...bullion-prices Read down; see the chart - we knew about short selling and settling in cash not delivery, but now we see the use of derivatives.
IMHO, the banks are not only "allowed" to suppress prices but are ASKED to keep prices lower to protect the US dollar. The banks & US government are in this TOGETHER.

I suppose it's just coincidence that JPM & Citi both dramatically increased derivatives exposure @ the same time?
Citi chart is ONLY precious metals exposure.
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