Everyone buying $XAU here is walking straight into a brutal institutional trap.
The crowd is completely on the wrong side of this move. Whales are holding $118.18M in short positions, sitting comfortably in profit while 154 long whales are underwater by -$4.51M. The long/short ratio has dumped to 79.67%, with 68.86% of shorts in solid profit. I am keeping my short position fully active alongside the winning smart money while retail keeps buying the top.
The crowd is completely on the wrong side of this move. Whales are holding $118.18M in short positions, sitting comfortably in profit while 154 long whales are underwater by -$4.51M. The long/short ratio has dumped to 79.67%, with 68.86% of shorts in solid profit. I am keeping my short position fully active alongside the winning smart money while retail keeps buying the top.
