Scottjd

Long: Expecting a further drop to trend line, before retracing

Long
Scottjd Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Long: Expecting a further drop to trend line, before retracing back to impulse drop. Inflation is still in line with expectations for Europe. Therefore, expecting a similar result for the US with the rate hike path already priced in.

Expecting dollar to continue it's decline and the inversely correlated gold to move up, during this period of uncertainty in the economy.
Trade active:
It's touched, we're in
Trade closed manually:
Wow - That was faster than expected. No need to push for more, trade closed.
Comment:
Target hit
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