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.
If USDJPY keeps rising today we shall see more investments getting out from precious metals and investing in stocks.
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1461 first target
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1458.97 is a critical point for this market as all Long term buyers have their SLs around this area as they believed it is a Bullish Market. Having the SLs hit you will see crazy moves coming out. This is also an area where Long term buyers may enter !
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1450 is a reasonable target as on H1 it reaches the lower band of the channel
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Just broke it
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Gold Short
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about XAUUSD