Pull back is done for now. Position cut to neutral.
- After reaching a key supp/res level (Kijun Sen) Gold started to lose its swing bullish momentum. The reaction might be over short term.
- Ichimoku setup is neutral and will stay neutral for a while. Forward Kumo has negative bias.
- EWO is negative too.
We exitted all our remaining long gold positions at 1308.
Our relative value model scoring doesn't support holding of substantial amount of gold either, weight is down to 0-10 %.
- Ichimoku setup is neutral and will stay neutral for a while. Forward Kumo has negative bias.
- EWO is negative too.
We exitted all our remaining long gold positions at 1308.
Our relative value model scoring doesn't support holding of substantial amount of gold either, weight is down to 0-10 %.
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