One has to imagine that gold will find its way back to its 200 day before marching on higher given the fundamental tailwinds.
If gold trades down to 1800 and we get a nice close above it - I would believe this to be a compelling opportunity to get long or add length if you took a more aggressive entry prior to the breakout.
A change in market sentiment with...
Solid technical and fundamental backdrops for gold these days.
I find this historical view interesting!
Gold has the potential to be THE asset to own over the next decade.
As discussed in a previous idea. This candle providing a very compelling opportunity for a small spec long. Lots of fundamental tailwinds for the long term as well.
Good day,
I have been slowly accumulating a small short position in AUD/USD as a broad expression of my 'risk off' view. Look to add to - or open new - short exposure on up days over the coming short while. Place sell limit orders in red box, stops in blue.
Good day,
I have been slowly accumulating a mid sized long in USD/CAD. Look to add to - or open new - long positions in the blue box - stops placed in red.
