Holding, with 50% profit taken. Return on this trade has been +6.8% so far.
USDCAD Short Entry for Sep 17 19:06 UTC short risking 2%.
A better entry is on the way next week for gold, with multiple reasons for price to be supported at 1900/oz.
Taken 80% of this position's profit by closing and leaving the other 20% floating. The Euro is in a tuff spot and I am neutral on the bias of the Euro, however I am bearish on the SPX and this would correlate dependently in more downward price action after we get the next lower high. Overall this could be a multi week swing by looking at the daily and weekly...
As funds continue to unwind their short positions from the mid 43s to upper 44s, the price per barrel of west texas crude on the spot market is showing lack of support for bids at the 40$/bbl level. This could be from alot of reasons, but one of the main ones is that they are hedged, so speculation of 60$ a barrel-- although unlikely-- would benefit those firms...