I came into the day with 94 short positions, the two largest of which were the Rydex CurrencyShares Euro Currency ETF, (FXE) (the EUR/USD, basically) and the SPDR Gold Trust ETF, (GLD). I covered the FXE at a loss, but the profit on GLD was over three times the FXE loss.
Better still, it looked like gold was going to have a fantastic down day, since it was deep red in spite of the amazing EUR/USD strength. Sadly, I’ve gone ahead and covered (still with a solid profit) since it failed to break yesterday’s low. I confess I’m getting a bit impatient with this move. My target is shown as the red dotted line.