GOLD HAS THE 1250 MAGNET WRITTEN ALL OVER IT
FUNDAS - Markets are is total risk on mode, US/China trade wars no longer affecting haven bids and global equity markets are inching higher. What will spook these markets? Gold is on offer and I don't see it ending too soon.
TECHS - With the selloff lasting 5 days so far, i anticipate a small relief rally back to liquidity where i will be looking for sellers loading the boat again. I think this could be the 1275-1280 spot before price sliding to the 1250 area for the first time this year. 1250 will likely be a major decision point where bulls may start value buying and overruling the sentiment. My short will be based on any rejection in that area.
Happy trading
TECHS - With the selloff lasting 5 days so far, i anticipate a small relief rally back to liquidity where i will be looking for sellers loading the boat again. I think this could be the 1275-1280 spot before price sliding to the 1250 area for the first time this year. 1250 will likely be a major decision point where bulls may start value buying and overruling the sentiment. My short will be based on any rejection in that area.
Happy trading
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