Gold: Could go sharply higher if strong

Gold has an interesting trend as of late, ever since $DXY peaked and yields started coming down. It lately caught a bid even on days when bonds were selling off which made it interesting as it suggested we could be seeing rebalancing flows out of bonds and into gold (this happened right after the debate about increased spending surfaced in Congress). I caught part of the advance before, but I'm out for a couple weeks, might rejoin the trend if it breaks last week's high here.

Best of luck!

Ivan Labrie.

Handel aktiv:

Trade active, order filled.

Kommentera:

Stop not hit, but looks sketchy...rather hold though.

Trade stängt manuellt:

Likely ok to get out...

Kommentera:

Last: 1909.09

Kommentera:

Not bad, this ran its course now, time expired.