Gold : Short GCM2 @ 1593.1

• Gold weekly triangle downside break looks valid (ie no strong bounce off 1594), although still need to close the week some distance below 1594 to confirm. Fine balancing act between being sure and good entry point.
• Do not want to miss the Gold move but do not want to be over-exposed to Risk Off either, until we get an acceleration (3rd wave type).
• So have today squared equal risk amounts of short Copper at 368 and switched the freed up limits into short Gold at 1593.1. Overall Risk Off exposure now remains same as before.
• Spreading out the risk because gold triangle looks a lot more exciting than Copper. Intermediate term, HG realistically achievable level is 340 (7-%), while GC targets 1400 (-12%) first.