AbdulRehman973 trading journal.
The USD/CHF takes the bids to 0.9917 during the Asian session on Tuesday.
The pair dropped the highest since September while testing an eight-day low during the previous day.
Should prices manage to bounce back beyond 0.9918/20 region including 100 and 200-day Exponential Moving Averages (EMAs), November 26 low near 0.9955 and an early-November high near 0.9980 will return to the charts. Alternatively, an upward sloping trend line since October 18, at 0.9883, offers strong downside support...!
Dear fellow gold is a highly liquid commodity so we need to work on it because it's a very profitable and more reliable for the traders and it gave us more profit in a short time. Dear fellow I hope you all would be fine. Dear friend as you know that in the last few week the gold was very strong but then its losing it's value and shows bullish trend but then in the last week it was bearish but now it's minor gaining little bullish. Gold price achieved a breach to the minor bearish channelís resistance, but it begins today with a bearish bias in its way to return to this channel, where the EMA50 formed a negative pressure against the price, noticing that stochastic loses its positive momentum to reach the overbought levels.Therefore, these factors encourage us to prefer the bearish bias for today, pointing that our initial target is located at 1447.00, and breaking it represents the rally key to 1413.10 as a next station, while the overall bearish trend will remain valid unless breaching 1489.10 level and holding above it.The expected trading range for today is between 1440.00 support and 1470.00 resistance.
I read out all reply of my dear member of this forum. I really appreciate that all member have good knowledge and try to give some strong analysis. Every member have different mid set and way of analysis is different, so if all of you read out analysis of members then you find different results in the of that result you can easily take decision.
So different members different reply's, today i find that Gold neither Bullish Nor bearish and may today is the last day of this type of moments.
On other hand if we take a average of last 15 days from where the price hit 1445, is 1464.76 and price still below that average means Gold still in the hand of Sellers. Further more last candle price decline means buyers loose its potential, sellers is on upper hand. if today's candle is in bearish state then there is a chance of trend change.
After all analysis is not 100 % so Don't trade in this situation without SL and risk management.
Yeah their is true the every client are mid set is different for all of us who'll tje gold is at the moment I am not expecting any down trend movement you known tnw gd last few days are rejecting the price of 1455 levels to and yesterday alrwady amazing moving in the up trend this tu.e I expected the gold is big term longer term position is up tren and further few weeks must touch the 1500 level