My thought on XAU(Gold) fundamental analysis 29 Mar 2014

Due to the recent news of Russia annexed Crimea, I had stopped posting as I dim the market to be too risky to trade in. Currently at the time of this posting, the Russia is still amassing forces at the border of Ukraine and showing no sign of slowing down even after the sanctions from US and EURO.

Even during this time of uncertainty, gold is still not showing sign of upward trend and are still trading in the 1300 usd range. This should be partly due to the weak china data and the lack of physical demand from Indian.

Currently gold is facing downward pressure, I would advise on shorting gold.

It is best not to trade in this environment as any movement from Russia would most likely trigger a run to safety. Please remember to use a stop lost especially during this disturbing time.

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