Still no love for the metal. Pain Trade : PART 2

After getting stopped out from my previous pain trade for 2019 which still is Short, my view hasn't changed. Have a sell open from 1345 but targets could have been overstretched to some peoples eye. but hey, More than two people make a market, right? So, I see gold getting crushed from mid of 2019 until the next crisis comes (whenever it may ). King Dollar will reign and probably reach above 105 to make this trade validate. However, once again, I can get crushed but I am willing to take this chance.

DXY is just experiencing a minor correction for the past couple of weeks and that could be wiped out with a new highs with-in no time as the global banks have changed their holdings into USD exposure to maximize yields. Along with that, every country is increasing its NET reserves in USD. As a result, the demand for USD is still there in the market. Plus, globally, G10 currencies are getting smashed except USD. and stock markets are peaking near highs in the US. Hence, inflows of USD is coming which doesn't seem to stop for a while.

Therefore, its a matter of time when the next crash comes. In my view, there is still time for that. Meanwhile, SHort is my bias on the GOLD.

Trade closed manually:

manually closed at the breakout @1375 to see the PA.. gears have been switched, i suppose.. will look to re-short from 1480/1500 levels. and buying from 1360 as a hedge