Yesterday Gold's trade hit its target in a few hours. The 2% drop caused by the breakout of USDJPY. If USDJPY keeps rising today we shall see more investments getting out from precious metals and investing in stocks.
I am Short on Gold and Long on Stocks too since this morning due to the US-China news which switched to a Risk ON sentiment.
Switched position on YEN as risk is ON and Yen falling
Here is another trade due to the shift in the risk this morning. US-China deal is getting closer to sign off
I got into Short EURJPY a few days ago as you can see in Related Ideas below That trade was on D1 and currently, I think here is a good set up on a shorter TF considering that EUR also is becoming weaker lately.
As you know I got into this trade on a longer TF and I am in a good profit but now I see a good set up on a shorter TF with the target on the lower band of FIBO