when it goes up show larg banks,big fund start buying in futures market whenit goes down show larg banks,big fund start big sell in future market
now we have high backwardation in 2 days ago , show big banks,big funds start huge buying , mean they belive gold will go up in next days
note =big pro trader like CITIBANK trade on gold futures , not gold CFD (spot) , gold cfd (we trader) tickdata comes from futures market and big brokers execute ,hedge our orders with it