Gold had some nice moves in the past days! It is now hitting the upper trend line. Some pull back is expected. At the same time the Euro also gained and the Dollar weakened. Todays ECB meeting might be important for todays move. I expect a strengthening of the Dollar and a temporary pull back on gold. Long term I am bullish on gold with the global economy weakening and global interest rates falling. This is no investment advice.
Comment:
Just an update, wow where we close to being stopped out. I have to work on my stops! We are still in the trade and on the right way. Gold got rejected and is on the way down. Current stats: Two trades lost, one won and this one open. Risk reward 2/1 so we are at 0 with our play money :-)