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FXL GoldShortTrade
FXL GoldShortTrade
Gold fell following core PCE and personal spending numbers. These numbers were
underwhelming and in no way point to a situation where the Fed will have to accelerate its
timetable for interest rate hikes.
One sign of supply in a market is asset prices not responding to bullish news. In a vacuum, gold
should go up when inflation comes in weak.
Gold is a short at 1243 with a Target Price of 1238 and a Stop Loss at 1246.