Selling the long side hedge yesterday for a small loss seeing the boards this morning.......good,,,,,,,,,,
Lightening up a portion of my shorts expecting a small rebound in gold,,,,,mmmmmmm wrong,,,,,,
Bad day ahead for the long side
Gold held the 1234 for a while until submitting to the two spikes lower of last week at 1230 and 1227,,,,,,,rates rising, next test 1221 in theory, aud rebound and wti continues to surge
Test of 703 probably and possible weekly close at the next level of 660 on the monthly chart
NCM Price at posting:
$7.16 Sentiment: Hold Disclosure: Held
