Gold: how and when you can trade this week due ECB rate decision and RSI
On Thursday, there will be big move depending upon the ECB rate decision or houses have already that report with them .it is expected that ECB will cut the rate ; that will lift the $ and depress the $GOLD .I've the opinion because of this report the houses and people already selling the $GOLD and price is getting down and it has come to that level from where it will move very slowly downward till Thursday .and if ECB ll not cut the rate it will bounce back very nicely .
second opinion is that RSI is very negative which is showing the market is in oversold condition, so from here market can bounce back to max 1268 to knock the floor it has broken till Thursday .on Thursday with the news it will move downward again....but till Thursday it's good to buy now from1241 level and than 1229/1225 level avg will be 1235 will b hit again and again and one can cover the losses or even make entries green. So better to buy with half margin n kept half for 1225