Descripción
⋅ Prices are at 50% retracement of upleg from late Feb.
Speculative / commercial positions are within normal limits, i.e. not overstretched.
Hedge gold longs with USD longs against EUR, JPY, NZD, CAD.
Operación activa
⋅ Entered long.
Very interesting support zone near 1210-1220.
Operación activa
⋅ Reversal of correction is imminent
Divergence on 15M chart
Operación activa
⋅ Now we have divergence on a 4H chart. Adding to longs here.
As always, hedging with USD longs against JPY/EUR/NZD/AUD (which have performed rather well today!)
Comentarios
⋅ Some juicy bullish divergence - bearish momentum slowing