Gold still looks vulnerable as it seems very likely we will see the US and
China finally agree upon the final parts of a phase-one deal. With Brexit and
the trade war about to deliver potentially two big risk-on scenarios, gold
selling could get ugly if we see a breach of last week’ low. Since the end of
the summer, gold was ready for a pullback, not the beginning of a bearish
trend.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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