Short Gold
I go for gold short.
Fundamental:
The economy is re-opening, the tension between China-US didn't add anything to the gold price which usually benefit from tensions (very disappointing for those they were hopping this news increase the gold price today). Also I see DAX is going up, stronger dollar, weaker gold. SPX500 future is near 3000!
On the Technical side:
I see a strong rejection at $1764 for the daily candle. Also RSI seems bearish to me. I think it's time for gold to take some rest till the end of summer. I will wait for $1650 to enter the market. Very tough decision on a bull trend!
Fundamental:
The economy is re-opening, the tension between China-US didn't add anything to the gold price which usually benefit from tensions (very disappointing for those they were hopping this news increase the gold price today). Also I see DAX is going up, stronger dollar, weaker gold. SPX500 future is near 3000!
On the Technical side:
I see a strong rejection at $1764 for the daily candle. Also RSI seems bearish to me. I think it's time for gold to take some rest till the end of summer. I will wait for $1650 to enter the market. Very tough decision on a bull trend!
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