💡China looking to sell US Treasuries? It will never happen (not even if Russia calls) However, no restrictions are in place for the Chinese authorities to find a ‘proxy’ then Gold is the perfect asset class to hold in times of uncertainty or in times of US Tariffs. Also, ‘Special Announcement’ sign up to receive our exclusive invitation to access the latest technology in automated currency trading; Osiris Ragnarok.
📌Gold surprises markets (retail/institutional traders). Our team expects a new high in 2019 between $1370/$1390 an ounce. If FOMO -Fear of Missing Out- kicks in even higher: $1460 level.
📌US Dollar Index drifts lower in a multi-week (deep) pullback landing somewhere between 94.10 (38.2% Fibonacci) /91.80 (61.8% Fibonacci). Note: We all know the greenback is highly overbought, not a secret. A lower US dollar will let Emerging Markets breath.
📌Price Rotation for Gold: $1250 low to 1380 high. This view is applying trend Fibonacci from $1920 (September 2011) to $1040 (December 2015).