Today I think it will be ranging in few pips. I have shared my gold analysis you can have a look I hope it will helpful to you.
Gbpusd looks to me more down and I think it will soon reach 1.240 and then 1.13600.
Best to take sell entry on this pair avoid buying it won’t go up now
fragile’s trading journal
Sorry for your indecision to trade the gold at 1406 level on real account and which could be a more state of joy if you had done so. Nonetheless, it is better to avoid a trade in a state of indecisiveness and which is a kudos to you as well because not trading at all is still part of trading with you breaking even of your position whether it's of gain or loss.
In reference to gbpusd market, the market is heading down to 1.2400 level and probably to 1.2360 because there is strong ground for the buyers because this current movement is for breadown after the revisiting of same levels previously as seen in daily and weekly chart.
thank you for sharing with us your technical analysis at GBPUSD and i think you are right this pair will start new bullish trend but not now , because the current bearish trend is not over yet and there is no signal to start new bullish trend .
i think the price will fall to break the support level at :- 1.24400 to reach the next support level at :- 1.20000 and than will start new bullish trend , and thats will be happen within 2 weeks i think .
Greetings and Good Morning to all of you guys,
I hope you guys doing very well and also making profit consistently from the market. Yesterday I lost around 133$ from my first trade of this week, and I did with the pair of GBPUSD
Yesterday I was also waiting for the Gold to have Bullish movement and if the Gold back to the support level of 1385.90 then I will place my buy order but without getting that level price of Gold moves very strong Bullish and now it is trying to reach the next resistance level of 1437.20
Here you can see my last few trades with one pair of GPBUSD and this all close with hitting by the stop loss.
Yesterday I have realized one thing very much that overconfident is always bad for Forex trading and we should not listen to our emotions, we must follow the chart to be a professional trader.
Right now I am very much upset about what I have done yesterday with GBPUSD pair, I should not trade like this, I could have my buy order with Gold.
Today the price of Gold trying to make the very strong Bullish movement after breaking the Bearish trendline by following 4 hourly candlestick pattern. So I believe today this price of Gold going to hit the next resistance level of 1437.0 without giving us any bearish movement. So buying the Gold today again can be a good trade for us. I think after hitting the resistance level of 1437.20 Gold will again move bearish to hit the support level. And also USD index moving bearish now and it will continue the bearish move so pushing the Gold to the upside is not a major problem for traders now.
Thank you guys for visiting my Trading Journal