I'm a bit sceptical about shorting Gold. Technical indicators are pointing there, also the strong dollar and my bearish view on oil the next couple of session.
But, even if this is rare. I could see Dollar and Gold rise at the same time, since negative rates and uncertainty in the market, doesn't give hedge funds much options...
Maybe a drop to ~1240-1250 area, then reconsider the position.
Kommentare
PKA
⋅
will hold 1252 imo
sacrelege
⋅
interesting, fib on Weekly. But it also means, the shadows could breach it towards ~1240, but a weekly close above 1250. I like it :) ty