Time to go long Gold and short Bond
Updated
Gold had a nice start on new year as it decidedly broke above important resistance 1300 while Bond continuously sank and Stocks were flatted that made Commodities/ Bond ratio strongly rise up, Commodities/ Stocks ratio is bottom out.
We may enter the Stage 5 of the Business Cycle when asset allocation go to Commodities because inflation build up and interest is rising up around the world. 2018 should be a year of Gold, Oil
stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=2&mn=0&dy=0&id=p48741519198&a=567225523
Trading strategies;
- Wait Gold pull back at 1305-1310 to go long for long-term, short-term target at 1360
Stop loss at 1295
- Short Euro Bond (BUND) at 161.3, short-term target at 158.3
Stop loss at 162
We may enter the Stage 5 of the Business Cycle when asset allocation go to Commodities because inflation build up and interest is rising up around the world. 2018 should be a year of Gold, Oil
stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=2&mn=0&dy=0&id=p48741519198&a=567225523
Trading strategies;
- Wait Gold pull back at 1305-1310 to go long for long-term, short-term target at 1360
Stop loss at 1295
- Short Euro Bond (BUND) at 161.3, short-term target at 158.3
Stop loss at 162
Trade active
Go short Bund again when selling momentum is come backTrade closed: stop reached
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