Hello world, how are you today? Yesterday’s rain fell, wetting the farmers’ fields. The air is a bit cold now around me, and the sunlight is a bit dim, covered by a thin mist far away.
Back to my trading journal at the beginning of this week to write some words again, all about forex trading activity with all the risks and gains involved.
Login account successfully, first to see is the Gold price now at 3242 near the middle band line. This line is often an asset consolidation zone. Last weekend, the price of gold dropped to a low of 3201, crossing the middle band line but failing to extend its decline.
It is estimated that the price of gold is still possible to fall, approaching the MA 50, which is a dynamic support range of 3007. The RSI is now at level 53, the price is more dominantly bullish above the neutral level of 50.
Elsewhere, the price of Bitcoin fell drawing a bearish candle in today’s trading, May 5, drawing a reversal pattern. The RSI is at level 61 with a downward channel away from the overbought level of 70. The fear and greed index shows a value of 49 down from the previous level of 51 still at the neutral level.
Meanwhile, WTI oil prices have experienced a wide gap down where the open price at 55.39 is far from the May 2 close at 58.09. It seems that oil is affected by weak demand and high supply amid Trump’s trade war.
