Big capitals seem to want to go back to gold

2021年6月7日

The advisor marketMiracle reported on Friday the possibility of a LONG position on gold at the price of 1892 usd with target price of 1900 euro or for a potential profit of 0,45 %

I did not immediately consider the location because the market sentiment was not in tune with the direction of the location.

Looking back today on the chart with particular regard to the indicator Miracle Viewer that identifies the positiones "net long" and "net short" of the various players of the market I see that the interest of the largest category of investors is returning strongly on gold.

In my opinion, several capitals are deflecting from bitcoin, which has been considered to be a good refuge for a while, and they are returning to the good refuge par excellence, perhaps many expect a slow economic recovery.

I therefore rushed to open a very small position even if the profit obtainable seems ridiculous but because this inflow of capital usually gives rise to strong spikes and I would not want to be out of the market at the time this occurs.

I expect price action behavior similar to that described in the chart.

I’ll keep an eye on the gold signals to increase position in the event of any new entry.

This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.