There is an obvious inflation. Yes, we would think that gold and would be moving along side a upside with inflation however, a falling bond index along with overbought, maybe over confident cryptocurrency traders is why gold is falling against a 200 moving day average. Which is still good for gold.
There is a very obvious reverse pattern trend so shorting while falling is possible but I would wait until there is a decent upward trend closer to 200 MA again. I'm interested in forex myself but shorting falling divergence trends might be very risky and at best not as useful during these following quarters. Gold isn't going to disappear or disappoint. I can see in the future months maybe closer to winter gold reversing, hopefully and pulling back up to 2200 if inflated pricing catches back up sooner than later.
See folks it's all a catch if you can cycle. Unfortunately most of the eye candy is cycling down during the heat of the summer so just "bear down" and drink your beers and party but maybe stay conservative and slam one in the parking lot before you go inside. That's what I do. Not ashamed at all.
There is a very obvious reverse pattern trend so shorting while falling is possible but I would wait until there is a decent upward trend closer to 200 MA again. I'm interested in forex myself but shorting falling divergence trends might be very risky and at best not as useful during these following quarters. Gold isn't going to disappear or disappoint. I can see in the future months maybe closer to winter gold reversing, hopefully and pulling back up to 2200 if inflated pricing catches back up sooner than later.
See folks it's all a catch if you can cycle. Unfortunately most of the eye candy is cycling down during the heat of the summer so just "bear down" and drink your beers and party but maybe stay conservative and slam one in the parking lot before you go inside. That's what I do. Not ashamed at all.