Gold enter the distribution phase, big short!
Updated
It is very clear that the accumulation phase has been passed and will soon be distributed. Fundamentally there is nothing good that supports the performance of the stock market, technically there is also a clear bearish structure. if the stock market falls, dxy will fly, gold will be the worst hit because investors have to sell their safe haven to cover margin calls on the stock market. At least dxy will retrace technically first to the 93,300s, maybe gold will also retrace to the 1900s, but if the stock market's performance is good, maybe the increase in dxy won't have much effect on gold. So, I still believe a massive sell-off is imminent.
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I am still holding a long position from 1885, and holding a short position from 1921, usually technically I will try 2 more times to break through 1920, if it doesn't break I will close the long position and hold the short position.
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