Trend_Surfer

Trend_Surfer

If the current risk on environment subsides and we see continued deleveraging of equity markets we expect Gold to continue higher. Golds demand is increasing in a negative interest rate environment. Gold used to be a hedge against inflation, now it is a store of value in a negative interest rate environment. We will trade the breakout of the Bullish pennant to...

Trend_Surfer

Continuation triangle on XAU/USD with good risk to reward. Looking to go short if previous support is broken at 1067 with a target of 1032.41 and a stop loss above 1081.07