Sometimes we have to zoom out and look at the big picture. Today is that time. Mindful trading!
Hi Traders, keep an eye on this emerging short setup on GC. We wouldn’t be surprised to see GC retest the 50% area in the coming days. (By the way, we don’t assign much importance to fib numbers. 50%, of anything, is not a fib.)
Also note the emerging strength on the DX, which may give us a short on the 6E.) Mindful trading!