Down we go (gold/gdx)
Got out of longs this morn. Gold up with USDJPY didnt seem right (it wasn’t). USDJPY continuing up after the fed announcement. Staring 115.00 in the eyes on the daily chart. Weekly chart says at LEAST 115.00, and probably (as of now) 118.00 by end of Nov. Until something else changes the narrative.
My .02c
Thanks NickG.
Agree…Gold looks weak ..Yen looks to be breaking out
COT numbers agree. Down is the direction for PM’s.