I will be entering a swing long in Gold here.
It is somewhat risky given the downward pressure on Gold and the current correlation with equities but I believe the R/R to be very favorable here.
This is also based on my fundamental view of future monetary and fiscal policy.
The Fed has painted themselves into a corner where they are forced to employ ever more...
This is a position I'm already in as shown on the chart, but I decided to share it since it has retraced quite a bit providing another solid entry opportunity.
Please note that the retracement could go deeper so enter at your own risk.