Like clockwork Gold gets hit in the NY session. This pattern is too regular to be just another random occurrence. I am starting to think that a great trade in Gold is to short the futures at around 7:00-8:00 am eastern standard time and cover for a large gain by 10-11. As I have previously discussed, Gold has a routine trading pattern throughout the day that defies belief. It rises in Asia, flattens in Europe, and gets smacked in NY. This happens every day. It may be time to profit from this manipulation.
Gold will go higher.
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