To answer the title - both.
It's always good to hold gold as a core, however, it may be time to start thinking of hedging or perhaps trimming up some tactical positions. Gold is getting a little extended here on a monthly time frame. For a pullback, if there is one, I'd look to the original breakout point which sits at 1831.7.
Of course there is the argument for the current global political climate especially with everything going on, but if there is one lesson I have learned: just trade whats in front of you. Seasonality of course remains generally positive into the end of the month and a little into September, so just keep that in mind too. I linked the seasonality part in the related ideas below.
It's always good to hold gold as a core, however, it may be time to start thinking of hedging or perhaps trimming up some tactical positions. Gold is getting a little extended here on a monthly time frame. For a pullback, if there is one, I'd look to the original breakout point which sits at 1831.7.
Of course there is the argument for the current global political climate especially with everything going on, but if there is one lesson I have learned: just trade whats in front of you. Seasonality of course remains generally positive into the end of the month and a little into September, so just keep that in mind too. I linked the seasonality part in the related ideas below.
