Fomenka

XAUUSD is to rally with SPX500?

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Opposite to 'normal', gold is looking to rally together with SPX500 in my view. There is an alternative scenario where gold could continue plunging however this looks almost identical to the situation in crude oil lat week where my initial count was proved right but I was caught by the market thinking that the correction is over and we are in alternative, more aggressive scenario.

This time I am disciplined, ready to trade the market up and down.

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