Here’s How Whales Beat Citigroup to the $4,000 Gold Trade

Citigroup revised its near-term gold price target this week, and the smart money bought long positions before the note landed. The biggest traders were already there.

The revision was a cut from $4,300 to $4,000. Yet the perps book, the options market, and the macro backdrop had all leaned bearish for weeks. The bank confirmed the trade. It did not call it.

The Revision That Followed the Crowd

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