Fundas - After President Trump called off the meeting with Kim Jong Un last week. NK's response was that they are still willing to meet. I anticipate the conversation will continue this week and markets will assess each statement as they come. News on this and/or the Trade wars will affect havens mostly so i have an eye on weaker Gold as things become clearer
Techs: Gold broke a key level under the 1300 barrier, consolidated, pushed on the NK news and got rejected into supply. I think this can continue down to 1275 or lower. With that said i will be looking to start in short on any pushes into the 1302-1305 area if there is more rejection with a stop above 1310 and ride it down.
Happy Trading
Techs: Gold broke a key level under the 1300 barrier, consolidated, pushed on the NK news and got rejected into supply. I think this can continue down to 1275 or lower. With that said i will be looking to start in short on any pushes into the 1302-1305 area if there is more rejection with a stop above 1310 and ride it down.
Happy Trading
Trade active
Started in short at 1300.50 slightly before preferred entry but price action was a bit tough before.Trade closed manually
Locking in profits with G7 meetings over the weekend. +8point winner
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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.