This chart shows a big reversal in the Indian Rupee

Whether this is just a technical bounce off the 200 & 50 day or something else remains to be seen.

Since India is a big Gold consumer, a weakening Rupee makes it more expensive for
them to buy Gold, which is not price positive over the near term.

Most of the time I’m a fan of letting the market take me out..adhering to the stop
and not watching, which is what we’re going to do since this is a Futures position.

ETF traders…will have to make a decision before the NYSE close as to whether or not
they hang in or wait for another opportunity since ETF’s don’t trade on a 24 hour clock.