bitofamacroman

XAUUSD - LONG

Long
bitofamacroman Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Against the prevailing trend so treat it as such, with caution.
Comment:
GOld is down some 18% from its highs. Real rates continue their climb and as long as they do gold will remain depressed. Silver is a commodity, not a currency like gold, at least that is the difference in the way they trade, so it can rise more while gold falls and the ratio normalizes
Comment:
SL to 1701 or near the lows, no sense messing with it when have profits already in a trade that is a counter trend trade, so play it tight.
Comment:
Stopped out, small loss
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