I am taking a small position on this Gold short to hedge the idea of dollar weakness in September which in theory should drive Gold prices up.
What would be nice to see is a dip in Gold while dollar goes down and then we will have a nice case for a divergence setup when Gold finally bottoms.
But taking a small position here as it is a hedge to long positions I have on EURUSD and NASDAQ.
What would be nice to see is a dip in Gold while dollar goes down and then we will have a nice case for a divergence setup when Gold finally bottoms.
But taking a small position here as it is a hedge to long positions I have on EURUSD and NASDAQ.