With U.S FED re-affirming its intention to fight inflation and Russia having its reserves in gold whereas U.S being reliant on foreign debt and oil for the workings of the U.S dollar. I now expect a deep relentless dive in gold markets. Target 1070$ and possibly lower in the next 12 months. Nevertheless this will not be in one go. There are many levels where price could bounce to further trap Gold bugs.
トレード終了: 利益確定目標に到達:
Too risky to keep shorting. Best to close and re-enter higher.
I am not a financial advisor.
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