gold, page-44152

I don’t work on feelings anymore because of confirmation bias.

TA wise there is a triple bottom on the daily going back but a double bottom recently. The DB is just too fast in between and flicking the weekly the current bar is very bearish so with the sell off from 1357 so aggressive, chances of that 1240 holding is looking very thin.

The momentum is with a stronger USD so weaker gold. Seems it is not triggered by trade war. Click all the business channels and everyone bearish on trade wars on markets which usually means ??? I’ve started finding exposure to the Chinese bear markets this week through boring etf. There is movement of foreign funds picking up beaten Chinese iconic defensive names.

I suspect the more the Chinese Market sells off the bigger the fall in gold as an anomaly? Could this be the explanation of gold faltering as GFC hit the mainstream media?