So here it is! A hedge on XAUUSD as I am in buys! and now it has retraced back to the outer with an indesion which to me seems like a good
idea to short this now!!
Hedging is risky!!
But I have small SL in place to make sure I dont over board my hedging!"!"
Gold remains subdued in a tight short-term trading range as market sentiment continues to swing between risk-on and risk-off. Today’s price action is being held in place by a risk-on move, predicated on further testing of a COVID-19 vaccine, and the continued unwind of lockdown measures. Various vaccines have been mooted in the past and while testing continues, building hope on these drugs may be unwise. The COVID-19 data however continues to improve in nearly all countries and lockdown measures are being wound back accordingly. While this continues, risk-on sentiment will likely prevail, weighing on the price of gold .
If you are in sells without buys from where I have my buys! Then be carefull!