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Atomic Toad

2,035 Posts.

851

19/09/19

07:52

Post #: 40475302
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Originally posted by monark: ↑

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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Longer term I am bullish on gold for various reasons.
The present trading range is starting to look like a
congestion/consolidation zone. A test to the upside
would see the bears covering and a decent spike IMO.
Great to see a good balanced view.
Unlike someone suggested I am not a gold loony LoL
The words of a welcher meaningless.
8 Upvote

0 Great analysis

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