Aussie Bad Bond Deal
The name of this deal is how I remember to stay on the look out for shorts in this market. They have things going in the Aussie and I don't think they have too much to worry about. But... in the near term we could see a sell off. The Gold business is taking a step back and I can see 1777.00 playing out as most retail money is targeting longs above at 1850 something ;XAUUSD. That's just two headwinds. You can add a third headwind when you take into consideration what's going on in the off shore Yuan. China is re-positioning itself and the rhetoric to get traders long into the currency. This with the help of flows out of the USD & EUR.
Speculative. Trade wisely.
Speculative. Trade wisely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.