Another Short position for 11th consecutive profit on Gold

10 Eyl 2018

Hello fellow traders. In my last post I was kind of neutral but now all aspects and analysis shows me another Bearish leg and I am on the new Short position to Take profit #1,183.40. The Weekly candle is on +0.08% an will most likely close the first week of the month flat and remember: when you are unsure of the long term direction on Gold always look for clues on DX and trade accordingly (I have done that successfully throughout the whole bearish leg since April). Only when DX makes a Lower Low we will be able to say with a higher degree of certainty that the bullish reversal on Gold is sustainable, until then Gold is a Sell but anytime if DX reacts it can resume the bullish trend on Weekly, but chances for that, at this point are really limited and highly speculative so I am, as said on a new Short to #1,183.40. Good luck!