Swing Trades DAX/DOW/NQ/GOLD

+35p so far & close to $2000 again

FLAT +30p last lot just below $2000

Closed to early. GOLD keeps going up.

YM Short 27.758

Last lot
FLAT +62p last lot

Target 630<>600 zone
Maybe a re entry short. Price at some Key levels now

DAX Short 845 last lot

FLAT +25/26p last lot
At Key level too

GOLD heading for 2050<>2060. Key levels this Week
Biggest mistake to close my Long position

Gold had its best day since April on Monday, but market history says it may be time to bet against the precious metal.

GOLD is having a great year, up over 31% and on pace for its best annual rally in a decade. But when gold spiked on Monday it was the highest level for the gold trade since August 11, and that’s revealing in a potentially negative way. The precious metal took a sizable hit last week, declining by roughly 5%.

https://www.cnbc.com/2020/08/18/a-do...the-metal.html

Little GOLD "revenge"

T1 +48/50p 4 lot
4 lot closed +38/40p
2 left
T2 +60p 1 lot
1 left
FLAT +45p last lot

$2000 dance now

Its just a counter trade, so hit and run

FLAT +85/86p last lot

GOLD/GC Long again @ 1998

T1 +34/35t/3.5p 3 lot
2 left/SL BE
T2 +52t/5p 1 lot
1 left

See if the 2K will hold

NQ made a nice pull back Y late and was launched again Today
Tech is again the leader of the pack Today +0.5%

DOW & SnP around 0%

We’ve had a magnificent V-shaped recovery in the stock market, but the stock market’s not a great reflection of the broader economy anymore.” CNBC said.

If anything, the actual economy’s in precarious shape, especially now that the government’s stimulus package has run out and Congress went home for the summer rather than trying to come up with a replacement.

In a V-shaped recovery, the Dow Jones Industrial Average would be hitting new highs, but this move’s been led by the Nasdaq and the S&P.

The war against the dollar is heating up

The euro is the dollar's strongest competitor, making up the second largest percentage of global currency reserves — 20% of central bank holdings versus around 60% for the dollar, according to the IMF.

Combined with recent efforts by EU policymakers to provide wide-ranging fiscal stimulus and release pan-European bonds, efforts by Russia and China to increase the euro's use could make the continental currency a serious challenger to the dollar.

The U.S. response to the coronavirus pandemic is trillions $ in balance sheet expansion from the Fed and trillions in government spending while still having the world's worst outbreak — is further undercutting the dollar's supremacy.

1. Goldman Sachs currency strategists have pointed to the rising value of gold as evidence that the U.S. could be "debasing" its currency and creating “real concerns around the longevity of the U.S. dollar as a reserve currency.
2. Instead of dollars, many central banks have increased purchases of gold, especially those in China, Russia, India and Turkey in recent years, with 2018 and 2019 the first and second highest years for annual purchases on record.

There has been a long-term concerted effort by Russia and China to move the world away from the dollar — this is now aligning with the coronavirus pandemic, the eurozone's unification, and a moment of weakness for the United States.

https://www.axios.com/us-dollar-euro...cdbb7b929.html

GOLD short

T1 +28/29t 4 lot
1 lot left

+70t/7p so far

Trgt 1980<>1970

NQ L 385
T1 +15/16p 4 lot
1 left
FLAT BE last lot

YM L 773
T1 +15p 6 lot
4 left
+10p 3 lot
1 left

+80p so far
Profit locked in last lot
FLAT +55p last lot

+100t/10p so far
Partial profit locked in
FLAT +70p last lot
Price at Key levels now

Closed to early

Trgt 1970 reached