Decision Making Architecture for Successful Trading
April 10, 2014
Gold rallied up to 1325 overnight, a few dollars higher than our target:
The price of gold has been pulled up by a declining US Dollar:
A dollar decline like the one seen above should have led a much stronger rally in the metal and miners.
The risk ratio chart is not a screaming buy:
If the gold rally was strong, price would have moved higher, volume would have been higher during the rally and the risk ratio chart would have been Risk ON. None of those things occurred, so gold bulls need to be very careful here.
The US Dollar should find a low soon and gold should reverse course.
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