Commodities - Trimming Gold as price approaches target area
publication date: Aug 5, 2019
Gold is approaching our MFU-4 target of $1482, and we would be trimming long exposure. When price reaches an MFU-4 target area, it's very prudent to trim, and in some cases, sell an entire position. Given the trade wars and investors flight to safety, we are only trimming long exposure and will wait for either a negative Money Flow Unit (MFU) to develop, or for an extended leg higher.
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