Gold spiked higher last night (up to 1555ish) on the August Futures, and EURUSD and ES continue to grind lower.
I think that a short (yesterday) was a good trade on the ES, but couldn't get a cyclical model I was happy with, so decided that caution was the smart trade.
I have a tiny position in Aug Gold and no position in either the EURUSD or USDJPY.
My cyclical analyzer is messing up terribly so I'm getting a lot of half-baked analysis trying to get the GC# or the Gold Futures continuous chart.
Most of my charts show that gold should actually be higher this time tomorrow (again) so I'll stick with it, though I have some light doubts about the validity of my cyclical model for GC as well.
-out-
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