Who cares if Gold is testing its all time high, banks are collapsing, dollar weakening, stocks falling, whatever. I am calling the biggest collapse on gold since its inception bar none.
Reasoning as follows:
- CFTC retail are long on gold and commercial money is on Short by a wide margin.
- Bjorgum indication of 3rd test of the level, once with top test using wicks, next with bottom test of level using bars and third test bottom testing wicks, this indicates a heavily bearish perspective.
- Moving average confluence
- Sentiment is extremely bullish
- Logic says to buy a safety asset after huge problems globally
- 3rd test of breaking down
I need everyone reading this to understand that this is a huge opportunity for every single banker to use the liquidity entering the market and sentiment to fill their long term positions. Longs have dominated gold for a very long time and now CFTC shows us that commercial market makers and money managers are short on the asset and retail are heavily long. In every single trading environment or asset we all know what happens when retail are heavily long and commercial money is heavily short.
Using the bjorgum indicator and somna candle master, we can obviously see the monthly is going caput soon or we going parabolic, but with bjorgum we can see a very very very short sentiment and confirming more as I type this.
Please for reference as to the tests of the tops of charts and how easy they are to find, please see my long term chart on ATOM and how bjorgum was used on the levels there as well with 3 tests exactly identical to gold.
Follow me, boost me, love me, hug me, tug me. GG
Reasoning as follows:
- CFTC retail are long on gold and commercial money is on Short by a wide margin.
- Bjorgum indication of 3rd test of the level, once with top test using wicks, next with bottom test of level using bars and third test bottom testing wicks, this indicates a heavily bearish perspective.
- Moving average confluence
- Sentiment is extremely bullish
- Logic says to buy a safety asset after huge problems globally
- 3rd test of breaking down
I need everyone reading this to understand that this is a huge opportunity for every single banker to use the liquidity entering the market and sentiment to fill their long term positions. Longs have dominated gold for a very long time and now CFTC shows us that commercial market makers and money managers are short on the asset and retail are heavily long. In every single trading environment or asset we all know what happens when retail are heavily long and commercial money is heavily short.
Using the bjorgum indicator and somna candle master, we can obviously see the monthly is going caput soon or we going parabolic, but with bjorgum we can see a very very very short sentiment and confirming more as I type this.
Please for reference as to the tests of the tops of charts and how easy they are to find, please see my long term chart on ATOM and how bjorgum was used on the levels there as well with 3 tests exactly identical to gold.
Follow me, boost me, love me, hug me, tug me. GG
