📉 My $XAU Short: It’s the Bonds, Not the Headlines!
Many traders are buying gold right now because they think global conflicts are coming to an end. I disagree completely: I don’t believe the war is ending anytime soon.
Instead, rising bond yields are driving my short position on #XAUUSD
When bond yields rise, they reduce gold’s appeal. Gold pays no interest, so higher yields can push capital toward interest-bearing debt markets.
Here’s my current setup:
• My Entry: $4,287.38
• My Leverage: Cross 14x
• My Take Profit: $4,000.00
• My Stop Loss: NONE. We’re riding this completely raw! 😈
Ignore the noise around potential peace deals. I’m watching the bond market to gauge where gold may be heading.
Many traders are buying gold right now because they think global conflicts are coming to an end. I disagree completely: I don’t believe the war is ending anytime soon.
Instead, rising bond yields are driving my short position on #XAUUSD
When bond yields rise, they reduce gold’s appeal. Gold pays no interest, so higher yields can push capital toward interest-bearing debt markets.
Here’s my current setup:
• My Entry: $4,287.38
• My Leverage: Cross 14x
• My Take Profit: $4,000.00
• My Stop Loss: NONE. We’re riding this completely raw! 😈
Ignore the noise around potential peace deals. I’m watching the bond market to gauge where gold may be heading.
