I placed a (?) on the title as I am not an expert
in playing this type of divergence
but sometimes there are
divergences that can be taken advantage of
perhaps a trade this evening would have been placed
to go long Euro at 1.1825 - 30 spot ( approx )
or 1.1816 futures seeing that gold was still
holding up on access market ( or in spot )
only down $1.00 to offer gold out ....
one would have lost on the gold , but more than
made up for it in the long euro position
euro rallied almost 50 pips from lows
gold went back to unchanged
in playing this type of divergence
but sometimes there are
divergences that can be taken advantage of
perhaps a trade this evening would have been placed
to go long Euro at 1.1825 - 30 spot ( approx )
or 1.1816 futures seeing that gold was still
holding up on access market ( or in spot )
only down $1.00 to offer gold out ....
one would have lost on the gold , but more than
made up for it in the long euro position
euro rallied almost 50 pips from lows
gold went back to unchanged