Engrbytrade™ intermarket futures trading data calculations indicate gold is expected to start moving lower.
A detailed review was conducted using British Pound futures trading data calculations between 2012 and 2023 in comparison to specific time frames when gold changed direction. The result of this review revealed futures trader’s positioned for a decline when gold moved into a specific value range against the British Pound. Three out of four decline signals occurred during gold’s completion of a triple top, as shown in the charts below. This same signal is not evident with the relative value of gold to the U.S. Dollar. There were no events identified where futures trader’s positioned for a rally. Research will continue with other currencies to see if trader positioning is conducted prior to specific rally or decline events.
Stock charts courtesy of StockCharts.com.
