Greetings and good morning to all of my respected and beloved forum members and visitors. Hope everyone is fine and doing well in trading. Market opened yesterday and hope you started your trade again. These who followed my trading analysis yesterday hope you are enjoying big profit now. GBPUSD went to almost 250 pips as per my analysis. I told it yesterday that i am confident about this trade and due to Brexit GBPUSD will fall significantly. It did the same and now GBPUSD reaches to 1.3550 level from 1.3690 level. But for a weird reason i closed my trade with break even point and opened a sell trade in gold for quick profit. Now i am hanging on the market due to gold trade. I also closed my trade in EURUSDweek with tiny profit to take this gold entry. But gold looks clearly bullish right now and tends to test 1950 level. Yesterday it started with a market gap and starts from 1905 level. Regarding gold it's strongly recommended to wait for perfect place to trade. Gold looks clearly bullish but any time it may fall heavily to test 1850 level. I am waiting for this movement.
Analysis on GBPUSD pair:
Due to Brexit GBP currency will become so weak in the upcoming days. So i think GBPUSD will gonna test 1.3250 level by this week. So it's strongly recommended to wait for potential selling opportunity in GBPUSD. Don't think of opening any buy trade in GBPUSD right now. Because it's risky to open a buy trade in GBPUSD right now. Let's see what will happen next mates.
Analysis on USD Index:
USD index is falling downwards direction significantly. Before leaving White house Mr. Donald Trump is making USD more volatile. It's a bad sign for USD buyers. The new president of USA will take the lead in the end of this month. Till then i think USD index will fall down as like this weave. So wait for till this month end to predict the actual market movement. Don't have to take any unnecessary risk at this level.
What do you think about this running trade in gold mates? Please share your analysis with us so that we can learn from your valuable analysis mates. Hope for the best and keep me in your prayer mates. Wish you all the best for this trading week mates. Still i am waiting for my reply regarding EURUSDweek trading from any moderator. Hope i will get this answer soon and will share this in my journal. Have a nice trading week mates.