fr.ortiz88
Short

Broken Symmetrical Triangle " Short GOLD"

FX:XAUUSD   Gold Spot / U.S. Dollar
Currently, I am short gold do to the broken symmetrical triangle created from August 27 to September 26. Not only im short gold technically but also fundamental. The reason is the FED are still planning to raise interest rate 1 mire time in 2018 but also 4 more time in 2019. Meaning that the USD will appreciated against more currency, making the dollar position more attractive than holding gold . Of course, if condition changes my thinking will change as well.
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