Summary-
The gold markets have pulled back but they have recovered quite nicely. They are closer to support than Bitcoin is so I think it probably continues to outperform. I would anticipate a lot of noise but if we were to break down below 1800, then I would get aggressively short. on the contrary a break above 1880 is an aggressive long. In the meantime, we are going to bang around just like we have over the last couple of days. It looks like we are tilting to the downside but we will have to wait and see how that plays out for clarity.
-Trade safe-
Carpe diem!
The gold markets have pulled back but they have recovered quite nicely. They are closer to support than Bitcoin is so I think it probably continues to outperform. I would anticipate a lot of noise but if we were to break down below 1800, then I would get aggressively short. on the contrary a break above 1880 is an aggressive long. In the meantime, we are going to bang around just like we have over the last couple of days. It looks like we are tilting to the downside but we will have to wait and see how that plays out for clarity.
-Trade safe-
Carpe diem!