SIGNAL TERMINATION – GOLD SHORT – TAKE PROFIT
ORIGINAL TEXT: Gold Short.Gold continues to deepen losses in response to nervousness surrounding rising bond yields. Surprisingly, the US economy is showing signs of recovery, bond yields are rising again, so gold has no choice but to weaken. Last week, gold extended the bearish trend. The reason this happened is that last week was full of positive economic news. Personal income increased by 10% in January. In the previous month by 0.6%. In addition, after declining by 0.4% in December, consumer spending rose by 2.4% in January. This means that, in absolute terms, personal consumption expenditure has almost returned to pre-pandemic levels.