Before NFP ,I take some partial profit and hold some positon to Breakeven
and move sl to 1246.6
c u next trade
All these doom and gloomers have been predicting a crash every year and they have been wrong because their perceptions are wrong. They cite the quantity of money being printed as the REASON WE MUST HAVE HYPER-INFLATION and a crash of the dollar, but fail to realize how America has exported that inflation to other nations to prevent that. It is the abundance or lack of INVESTMENT Capital that drives growth or causes a crash, not the amount of dollars printed, or even created electronically. It is not a major correction in stocks that will signal a crash, but extreme confidence, hyper investment and a blow off top in stocks that shall. That means the FED MUST drive the perceived value of Gold DOWN, Down, DOWN. Trump bringing Capital home could thwart the deep state, and THAT is why they want him defeated on both sides of the aisle. "We The People..." threw a wrench into their gears by electing Trump, an outsider from the deep state, a businessman not an academic idiot nor a politician. He KNOWS that bringing Capital home by incentiving that with a tax break will work. He is correct. The deep state KNOW that he is correct too.
So I think you are wise to watch Gold. Even Bonds too, believe it or not. And STOCKS. Though I would never buy any stocks, or bonds. Its all a scam of perceptions, but there are opportunites to trade for a living in the midst of it if one can remain objective, and know the truth.
Good luck to you sir!