Fruitless anticipating what will happen to global capital markets with Brexit. It is a random event with immediate pricing in the Cable, FTSE, Fiber suffering massive volatility. You could find yourself correct with the direction but spiked out in the process for a consolation prize. Be best to stay away from trading pre to post referendum with leverage toned down by respective brokers. They learned the Swissy lesson from last January!
Before anyone get carried away with gold, I suggest they pay particular interest in the coming NFP which can tip the balance between a weak to strong USDX in a matter of seconds. I don't take this price breakout for granted, just quiet confidence until Friday!.
gold, page-1275
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