Bear Case of Gold (short term)

١٠ أغسطس ٢٠٢٠

Given financials showed signs of life and if DXY bottomed, there will be a double kill to gold in short term. I would use 2018 for trigger to short.

١١ أغسطس ٢٠٢٠

ملاحظة

80% out. Half gain goes to long.
Still think this is short term.

١١ أغسطس ٢٠٢٠

ملاحظة

80% out. Half gain goes to long.
Still think this is short term.

١١ أغسطس ٢٠٢٠

ملاحظة

Out of all puts. Only left call spread / call on the table. Feels like if this week print a bearish engulfing, next week good chance to test 0.5 fib; otherwise, no engulfing which means this week needs to close above 185.05. So long this week spread plus next week calls.

١٧ أغسطس ٢٠٢٠

ملاحظة

Closed all. Overall small gains as last week spreads had some loss. Longer term more upside imo, short term may wait a bit to see if there is a better entry. Currently is touching top of hourly channel.

١٧ أغسطس ٢٠٢٠

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