GOLD 0.51% $1,391.7 gold futures

gold, page-55792

  1. 7,877 Posts.
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    I shorted last night at 1510. only a small position and closed a few $ below 1500. should have gone bigger as couldn't see FED being as dovish as market was pricing in. sure enough equities sold off though once again almost a case of any news has a positive spin and markets rallied. back to gold will be interesting to see next couple of days in light of FED not expecting to cut in 2019 and 2020. I doubt this. trade deal won't be done in October , equities will get hit , again , and impact of trade war will continue to start showing through the economic numbers for US. FED will cut in 2020 , probably twice, and gold will jump through 1600/1700 quickly. in the short term gold may drift lower , not move too much but I'm very confident gold will outperform. gl
 
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