I always look for the long term trend and try to follow it as much as possible, we gain today almost 200pip trading Eur Paris after usd begin his bearish trend during last few weeks. I risk between 1.5-2:1. Here i'm seeing long term bearish trend, hit 0.382 fib daily couple of times. i'm going for short, GL.
follow multi-year trend during the biggest economic crisis maybe in history, during last depression 2009-2011 gold raise 108% on less than two years, afterwards i strongly believe that we got multi year correction and the strong bull market unharmed and waited for the trigger that we got late 2018. i think gold will raise to 3200 by 2021 end.
WS will bleed today, Corona Virus will bring Chaos to the market. The door for 1600 opened.
More than 250% dead raise, and 14840 new virus infection.
I will buy & wait. Stocks markets will close red today.
- Safe Haven.
-probably touch 1537 first
-we are in bullish trend On 4H chart
-corona virus news may be worse in the next couple days, In result we could go back higher much faster.
-I don't recommend anything, Do whatever you want.