I am short on gold with investors seeking riskier asset classes, that offer dividends and yields.

1. Current trend - anticipating the potential for a retest of the trend line for a 4th time after a surge.

In this instance I would like to place a trade for a short position as close tot he trend line as possible, to then reach the lower trend line.

2. Breakout - Anticpating more outflows from gold into riskier assets and USD once Biden stimulus is delivered, with investors seeking the slow increase in the USD.

There are more potential scenario's so I will be carrying some risk into these posiitions, but they are not immediate threats in my view. Should anything new arrise i would have to re-evaluate the positions.

GOLD v USD / XAUUSD

Feb 16 2021

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