The recent false breakout of gold and strong reversal down brings me back to my long-term wave counts that the entire range is a corrective triangle and that Gold's trend is now decidedly down and will be so for a long time.
Outside of technical analysis, the recent news that long-term yields are rising also support my overall analysis that USD will rise against most products. These include Yen, Crude, Gold, Silver, S&P, Dow and the FX majors.
Outside of technical analysis, the recent news that long-term yields are rising also support my overall analysis that USD will rise against most products. These include Yen, Crude, Gold, Silver, S&P, Dow and the FX majors.
交易結束：目標達成:
I hoped you have trailed your stop. I have changed my view on Gold (and silver). Anyhow, you could still scratch the trade if you haven't close it.
