Gold is moving down (as we expected). As you are aware, gold price is inversely correlated with US dollar. From my analysis, I found that US dollar value is expecting to reverse and appreciate in the future. Consequently, this will suppress the gold price downwards.
For those who missed my trade idea in the previous one and didn't enter short position. You still have time. Wait for a retract back, once the price of gold touches, enter your position.
Please trade responsibily and watch price action.
Cheers
Toby
For those who missed my trade idea in the previous one and didn't enter short position. You still have time. Wait for a retract back, once the price of gold touches, enter your position.
Please trade responsibily and watch price action.
Cheers
Toby