We have a clear short opportunity as outlined by my friend Tom Killick (he does great coverage of copper and USDCLP , check in related ideas).
If we're offered with a retracement we can take these two entries for a low risk trade:
If not, I'll be forced to operate off the 4h or and jump on the trend in some other way...There's always a good excuse to join a trend, and if you don't have many, you will miss out on the best trades (many times they never come back to you once they leave the station).
USDCNH is in an 11 month downtrend, and has already exceeded the projected range twice...
There's no sign of it stopping any time soon, nor copper, and it's clear that the Shanghai index will follow suit.
Trail stop to entry and hold!
I do think we'll see a bit more rallying in gold, but not a full fledged bull market like this article implies.
This can last a long time, and still see continuos declines in gold and copper.
I trade what I see, here and now, and can predict to a certain extent. Looking further into the future isn't the realm of trading but of analysis and forecasting (neither which produce money by themselves).