I'm a bit sceptical about shorting Gold. Technical indicators are pointing there, also the strong dollar and my bearish view on oil the next couple of session.
But, even if this is rare. I could see Dollar and Gold rise at the same time, since negative rates and uncertainty in the market, doesn't give hedge funds much options...
Maybe a drop to ~1240-1250 area, then reconsider the position.
But, even if this is rare. I could see Dollar and Gold rise at the same time, since negative rates and uncertainty in the market, doesn't give hedge funds much options...
Maybe a drop to ~1240-1250 area, then reconsider the position.
