Despite gold breaking bear channel resistance which was my line in the sand, I'm still holding my short position on gold because it merely continued to trade sideways when it crossed through resistance. If I wasn't currently holding a position I wouldn't enter one at this time, but since I am I will hold it until I see a definitive break one way or the other.
I believe we are now seeing the month-end risk-on sell-off in Forex I expected to happen last Friday (albeit a muted one) which, given there doesn't seem to be any upward pressure on gold, may coax gold lower, but if I'm mistaken I will make up my losses with Forex gains so I wouldn't want anyone else to follow my example betting on which direction gold will go.
I believe we are now seeing the month-end risk-on sell-off in Forex I expected to happen last Friday (albeit a muted one) which, given there doesn't seem to be any upward pressure on gold, may coax gold lower, but if I'm mistaken I will make up my losses with Forex gains so I wouldn't want anyone else to follow my example betting on which direction gold will go.
You can always make money tomorrow provided you don't lose it today.