gold, page-53636

The chart on weekly gold I posted lastweek Bullish engulf bar seems to have caught a bid right into the Asian session! I suspect the USDCNY breaking that tolerance 7.0 has something to do with it as the Chinese seems to have change tack from trying to control the FX trade exposure to now letting it devalue to mitigate the 10% additional tariff from Trump.

@roka  interesting video on the equity indices and I have observed that key timing of Trump's tariff rhetoric/threats/executions has always been when the US equity indices at its highs. If as speculated, he measures his economic success at managing the economy through the stock markets, record highs allows him room for the ST sell off from a continue tariff increments knowing that Feds has many basis points to play with should propping up the markets are required. I note the Dec 2018 X'mas eve sell off low and a back flip Powell that caused a V shape recovery. We could be in for another big round of sell offs?