CFD Oro (US$/OZ)
Short

Yesterday's Take profit hit, engaging new Short on Bear wave

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As I noted yesterday, Gold is in inevitable Bear market. Now, we got space for small correction on Gold, but in meantime, DX had a Bullish confirmation which was a catalyst for Bearish wave on Gold. DX had a strong reversal but technically it should be on a selling pressure since US equities are in huge crisis. Of course, we are engaging a new Short and taking all circumstances in consideration, our main tactic and strategy is not compromised and soon enough we will witness new Bearish session on Gold.

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