Motives of the trade
-Gold has completed a bottom
-Gold had broken the major 200-days
- A new series of higher highs and higher lows was established
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No for this week. Incidentally bought a few books. Might as well get back to some reading. Disappointing week. Monday was nothing. And today things just sneaked up and its a bit too late to get in now with BoJ tomorrow and ECB on Thursday.
(Icing would have been NFP on Friday, Greek elections over the weekend) Lol!!
Good luck and trade safe
P.S: Gold rallying??? Are we gonna see a major short squeeze in Eurusd??? I keep telling, SNB is just one part of the puzzle. ECB will be filling the next. Risk averse traders should probably close their trading terminals this week considering US data is total null.