Seeing some flashy moves in this shiny element's market, there are signs to me that this action is related to carry trade activity amidst this potential reversal in equity volatility. I believe mkt perps are risk on to safe havens, with the Yen staying bid and Pound rally. personally I see this move in gold as a fade the breakout - for now. there is a lot of froth in the cup of money. over the quarter I think GOLD has a stage set to rally nicely and on the 2 year time horizon I do believe the prices will be relatively higher with surges of volatility seasonally.
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I have reason to believe the push is on to squeeze this up to 1804 resistance註釋
current trade working swimmingly, edged my SL, Structure pinning on a double top, markets open, hoping to find my profit註釋
all stops taken out at 1788, little flurry, took some off...註釋
closing this trade at 1786註釋
trade successful註釋
I moved stops to 1796
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