Note$
-I was hesitant to short gold mostly because of tensions with North Korea, however IMO any military escalation from now on is unlikely. Market got used to North Korea shooting wanna-be-ICBMs and missiles every now and then.
-I expect gold to be losing value til next friday
-US inflation data next friday might push Gold up a bit (as per labor report I expect weaker inflation), however I think it will hit top of current downtrend channel followed by further decline
-Any new info regarding Trumps tax reform might confluence or diverge with this setup
-I was hesitant to short gold mostly because of tensions with North Korea, however IMO any military escalation from now on is unlikely. Market got used to North Korea shooting wanna-be-ICBMs and missiles every now and then.
-I expect gold to be losing value til next friday
-US inflation data next friday might push Gold up a bit (as per labor report I expect weaker inflation), however I think it will hit top of current downtrend channel followed by further decline
-Any new info regarding Trumps tax reform might confluence or diverge with this setup
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