
Gold|Oct 17, 2025 22:15
A few things happened overnight:
- Trump TACO trade in effect with more coming out
- BTC came close to the wick it put in a week ago
- XAU big sell off
I’m paying attention here. We’re at an extremity of the market where it would make the most sense for us to revert.
From a bullish lens you can make the argument that we are just lagging gold and will get a move once Gold decides to at least consolidate.
While we could revert, it’s also the weekend and think there’s time to enter.
In saying this, I opened starter positions in MNT and 4 here and will continue rebid over the next 2 days. I also opened some BTC, you can’t fade the king here.
More than anything it just makes ‘sense’ for a market wide move higher here. It’s not a comfortable hold, but invalidations are much easier to define.(Gold)
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