Hi Guys,
following the deterioration of US-China negotiations at the beginning of September that prompted the formation of B, Gold mantains its range between 1520 and 1480.
In order to better capture the attitude of market partecipants towards safehaven, I recommend to look also at USD/JPY as they are inversely correlated and may provide additional clues on possible direction.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
following the deterioration of US-China negotiations at the beginning of September that prompted the formation of B, Gold mantains its range between 1520 and 1480.
In order to better capture the attitude of market partecipants towards safehaven, I recommend to look also at USD/JPY as they are inversely correlated and may provide additional clues on possible direction.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
