... starting to see risk enter back into markets here via DJT with only Japan halting the possibility of a clean sweep.
BUY GOLD ABOVE 1230.x WITH SL 1205.x -> TP1 1288.x -> TP2 1330.x -> TP3 1423.x
Updates over past week
-> season is finally over (phew).
-> Significant flattening in China. there is a strange dynamic that happens when the yield curve inverts. It means that borrowing at the same rate at the short end of the curve as the same as the long end of the curve. The last two times this happened we had recessions. The market is pricing in there will be short term easing, and this is what's happening in China right now, investors are selling of bonds at the near end of the curve and flatten it (will attach another chart to go with this).
-> In other news, positive for /cl crumbs away from the 50. xx handle
Eyes on NY today, the move up seems unavoidable today. 1230. xx is the new , be careful not to jump the gun with fundamentals in play. In my case, its better to be safe than sorry. IMO trading without a stop loss is one of the worst pieces of advice to follow here, a tick below 1205. xx will trigger the soft floor breaking towards 1138. xx
Expect updates to come from me in our telegram group and my new website will be launching this week so I will be more active here.