darth.stocks

Gold: postponed correction but not yet cancelled

FX_IDC:XAUWCU   GOLD / WORLD CURRENCY UNIT
7
Last Fridays Payroll data were "some bit" of surprising. But any 5 sigma deviation should be.... The probability of a rate hike in June was discussed to be back to 0% so DXY was tumbling "a bit", JY strengthening, Gold rising and GDX/HUI exploding to the upside. Well, is this reasonable ? With Fib-TZ analysis last movement was anticipated, but in the different direction. With a reduction of 30% (net short %) of JY and COT Index rising this movement is some bit of surprising. I will certainly change my mind if we get above my max. Target, but till then I have the impression that someone want's to shake-out the bears....
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.