In a nutshell... Buy Risk-Off!
Updated
Here we are tracking Gold as risk enters back into play as widely anticipated since Turkey/Syria combo headlines flooded the wires this weekend. To top it off we have risk from US-China trade later in the week, Brexit, and Canadian elections to name but a few...
On the technicals we can place our stop below the barrier at 1485 as it has become support while for our targets we will use a simple fib extension targeting the highs at 1547.
Remember we also have JPY in play:
Best of luck all those in the flows, with a pinch of luck we will have a home-run swing.
On the technicals we can place our stop below the barrier at 1485 as it has become support while for our targets we will use a simple fib extension targeting the highs at 1547.
Remember we also have JPY in play:
Best of luck all those in the flows, with a pinch of luck we will have a home-run swing.
Note
NY bidding the open and Gold breaking out Trade active
Note
Eyes on Gold for the open Note
Softer inflation slowing down the move ... range held and with Fed cuts Oct 25bps a done deal the targets remain in play.Trade closed: stop reached
Stops were too tight to hold the loud political noise.
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