Hello world, how are you today? The air is a bit cold around me. Yesterday, it was a little light rain wetting the highway, and a thin fog was visible in the distance.
Back to my trading journal today, write down again some words all related to forex trading activity with all risks and gains.
Yesterday’s gold price fell and hit my stop loss, the bearish gap that occurred on Monday has not recovered, and maybe this week the gap will not close if gold declines more. The decline in gold is in line with the decline in US inflation and tariff concerns that have eased after the US-China agreement.
Gold is now trading in the range of 3181 near the MA 50 on the daily timeframe. The price broke the lower band, further declines may seek support at 3000. Trying to speculate when the market is consolidating by betting on an open sell with a stop loss above the high level.
In the crypto market, Bitcoin is still holding in the range of 103k near the middle band. On the H4 timeframe there is a Bollinger band squeeze reflecting low market volatility.
Elsewhere, WTI oil prices fell to around 61.81 from the previous high of 63.23. in the daily timeframe, there is a trend reversal pattern.
