Gold has had a great run since stocks collapsed, but it is now at 61.8% fib, and overbought. Note Gold does react to Fib and RSI, and also this time of year in 2018 showed it was not always reliable as as inverse to stocks. I am trying a short back to the 50% fib, not the greatest trade, with a 1% stop. My previous trade was to buy to this point.
If you don't want to short, it may at least be time to trim longs for a small pullback.
If you don't want to short, it may at least be time to trim longs for a small pullback.
David Atherton
