Bearish Gold/Yen
Updated
I think the long term trend of bullish gold/yen may be in beginning stages of reversing. On a daily chart, the KYT indicator has turned bearish. The M.F.I gave an amazing overbought signal earlier this month, but I still believe we will see this pair head lower. I look for the supportive Gann angles of around $1360 to be hit.
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Trading futures and options is speculative, involves risk of loss, and is not suitable for all investors. Past performance is not necessarily indicative of future results. Managed accounts must obtain a CTA disclosure document prior to opening an account. All information, communications, publications, and reports, including this specific material, distributed by Lido Isle shall be construed as a solicitation. Lido Isle does not maintain an independent research department pursuant to CFTC Regulation 1.71. This email and any files transmitted with it is confidential and intended solely for the use of the individual or entity to whom it is addressed and may not be disseminated, distributed or copied without consent of the sender. If you have received this email in error, please notify the sender and delete this email.
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