Sphyn-Trader

GOLD: Inflationary!

Long
Sphyn-Trader Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
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The US economy's decline and subsequent fall back into the global pack could potentially cause an historic re-pricing of the US dollar, but such an event may not happen soon. Currently, the US dollar is experiencing an upward trend in its price, which could be the beginning of another significant increase. The market may be caught off guard by the unexpected strength and resurgence of inflation, which is prevailing over the Federal Reserve at current rate levels.

Re-acceleration of inflation and its win over the Fed will continue to catch the market by surprise
Comment:
SELL limit XAUUSD 2011-2014

Stoploss: 2020
Take Profit1: 2005
Take Profit2: 2000
Take Profit3: 1995
Trade active:
SELL hit TP1: +70pips
Trade active:
SELL hit TP2: +120pips
Trade closed: stop reached:
SELL hit FULL TP: +170pips
Comment:
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