I'm contemplating this possibility. The chart suggests we're in a monthly uptrend since the 2011 low (the peak in gold).
The range expansion to the downside culminated right into the uptrend mode, while rgmov is in an uptrend, and CCI hints at a possible crossunder -100.
If this were to happen it'd be extremely interesting to open a position in this pair.
Right now, I'm long the market and a few select stocks and currencies (and gold), but I'm willing to flip short in gold and the euro soon.
This would serve as the perfect excuse, if timed right.
I'll update the chart when the opportunity materializes.
Cheers,
Ivan Labrie.
The range expansion to the downside culminated right into the uptrend mode, while rgmov is in an uptrend, and CCI hints at a possible crossunder -100.
If this were to happen it'd be extremely interesting to open a position in this pair.
Right now, I'm long the market and a few select stocks and currencies (and gold), but I'm willing to flip short in gold and the euro soon.
This would serve as the perfect excuse, if timed right.
I'll update the chart when the opportunity materializes.
Cheers,
Ivan Labrie.
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