Gold is holding up quite well today despite the strong dollar and the weak euro.
One could think the reason because gold is ignoring the dollar strength.
I think gold is just propped up to let smartmoney exit their miners positions ahead of the holiday weekend.
The dollar will break out next week and the euro is heading lower . This will move gold into its DCL or ICL next week.
DUST might print a 50-100% rally in a few days.
One could think the reason because gold is ignoring the dollar strength.
I think gold is just propped up to let smartmoney exit their miners positions ahead of the holiday weekend.
The dollar will break out next week and the euro is heading lower . This will move gold into its DCL or ICL next week.
DUST might print a 50-100% rally in a few days.
Note
Nice 15% move today.
Note
Near to +5% today.Note
The DUST trade is in +31,5% today. I'm going to take profits 50% of the position here and set a stop loss to 6.36.
Playing with the house's money from this point.
Trade closed manually
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.