gold has shown indication of regaining strength.
1- broke important trend line.
2- creating higher swing low.
3- creating higher swing high.
america started QE strategy to minimize the effect of corona virus on their economy. QE means basically printing more money.
furthermore, corona virus is now everywhere.thus, there is no currency provide a safe heaven for hedge funds to save their money.
my trading plan is pending order at 1500 sl 1450 tp 1650
3:1 ratio
1- broke important trend line.
2- creating higher swing low.
3- creating higher swing high.
america started QE strategy to minimize the effect of corona virus on their economy. QE means basically printing more money.
furthermore, corona virus is now everywhere.thus, there is no currency provide a safe heaven for hedge funds to save their money.
my trading plan is pending order at 1500 sl 1450 tp 1650
3:1 ratio
Trade active
Trade closed: target reached