This one hit the second target but the gold trade hit my stop.

Seems like gold is on its way to break its historic high. The €700B deal in Europe is also contributing to it. With central banks everywhere printing money to support the economy, more weakness is expected on Euro and USD while Gold, BTC and safe haven currencies like JPY and CHF get more demand.

5 comments

Does that mean we should close trade pairs that comprise of euro and USD?
Adedotun Adedayo
Does that mean we should close trade pairs that comprise of euro and USD?
No. It just means you should expect more weakness in those currencies. (So for example, while trading AUDUSD we will keep a bullish bias and while trading USDJPY we will look at the chart with a bearish bias.. because we expect USD to get weaker)
Sam Shaer
Did you send out any signals other than gold and aud?
Sam Shaer
Did you send out any signals other than gold and aud?
No. Still fighting off the sickness, asleep most of the day. Sorry.
Sam Shaer
Feel better . But that gold , I can’t believe it . What a jump