Gold Strategic Overview before new week
My weekly views on gold are indicated on the presentation.
Even though the buy signal is coming, I think this is the only response buys for now.
The bull market continues on the main channel.
And in 2020, even though I expect higher peaks than 2019, I think that gold prices should fall slightly.
I expect gold prices to fall in the medium term.It is very important to have the position size to withstand this.
The USDJPY parity can give you the clue about when the due date will come.
This is because the correlation between the Japanese yen and gold price movements is very high in the weekly timeframe.
When we look at the gold / silver ratio, we see that the pair continues under the leadership of gold.
Here is a possibility Minor - trend line can be challenged.
Although I personally go over the net short position on a weekly basis, I am of the opinion that short positions will be opened on a daily basis.
Although it is a bit risky now, it is a good idea to follow it carefully and achieve the appropriate risk / reward ratio.
I wish success to all traders in the new week , regards.
Even though the buy signal is coming, I think this is the only response buys for now.
The bull market continues on the main channel.
And in 2020, even though I expect higher peaks than 2019, I think that gold prices should fall slightly.
I expect gold prices to fall in the medium term.It is very important to have the position size to withstand this.
The USDJPY parity can give you the clue about when the due date will come.
This is because the correlation between the Japanese yen and gold price movements is very high in the weekly timeframe.
When we look at the gold / silver ratio, we see that the pair continues under the leadership of gold.
Here is a possibility Minor - trend line can be challenged.
Although I personally go over the net short position on a weekly basis, I am of the opinion that short positions will be opened on a daily basis.
Although it is a bit risky now, it is a good idea to follow it carefully and achieve the appropriate risk / reward ratio.
I wish success to all traders in the new week , regards.
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