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.
Speculative / commercial positions are within normal limits, i.e. not overstretched.
Hedge gold longs with USD longs against EUR, JPY, NZD, CAD.
Trade active
Entered long.Very interesting support zone near 1210-1220.
Trade active
Reversal of correction is imminentDivergence on 15M chart
Trade active
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!)
Note
Some juicy bullish divergence - bearish momentum slowing
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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.