- vs USD : Uptrend. Am wary of possibility of going into a triangle consolidation, which would be very trying indeed.
- vs EUR : Uptrend. But we better break out on top (above 1076) soon or this might turn out to be top of a big range, at least temporarily.
- vs GBP : 1 way uptrend. No question.
- vs JPY : Triangle consolidation. Buy breakout.
- Trade : 1. +Gold/-GBP best. 2. +Gold/-JPY good as well but wait for it to break out of triangle. [This suggests that GBP weakest].
- Position : Only +Gold/-USD here. Not time to deviate from "Simple" when things not going well.
21 June 2011
Gold : Cross View
Labels:
COMMODITIES,
Core,
Gold
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