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$1,391.7 gold futures

i believe these price movements are governed by algoes...

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shakespeare

2,124 Posts.

45

16/06/18

14:19

Post #: 33756223
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Originally posted by Dr.Who ↑

In the weird and wonderful world of gold pricing, where logic seems to go out of the window, it seems all that is left to guide entry and exit points is anything that resembles a pattern.

I thought I'd take a quick look at the last time we had a similar heavy 1-2 day drop in price.

14 - 15 May spot dropped 1320 to 1288 over 24 hours = 32

14 - 15 June spot dropped 1307 to 1275 over 24 hours = 32

Purely a coincidence or a deliberate strategy by those with the power to move contract prices? Impossible to say but I find it vey interesting that day of the month and point drops are identical.

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i believe these price movements are governed by algoes
programmed by extremely intelligent people who are
are governed by experts in herd psycology to bleed others patiently in a zero sum game.
sure a brexit whammy can come along etc but the games will go on either side of this.
1 Upvote

0 Great analysis

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