Hello world, how are you today? Yesterday it rained lightly for a while, now the air is a bit warmer than yesterday, around me.
Back to my trading journal, write down some words again, all about trading activity on the FXOpen broker with all risks and gains involved.
Today, looking at the gold market, quite wavy near the middle band line on the four-hour timeframe, up and down in a fairly narrow range in the last few candlesticks. The hope of the US and China negotiations seems to make market players wait and see the next developments in the negotiations, which could have a positive impact on the USD. The price of gold is now in the range of 3337, slightly up from the low of 3315 but still lower than 3349.
The pending order position has not been touched by the dynamics of the gold price, and there is a bullish signal on the hourly timeframe from the shape of the last two candlesticks, which reflects increasing buyer pressure. While other precious metals Silver, are steady near the middle band in the price range of 36,583. The Bollinger band squeeze shows a sideways market with low volatility waiting for a possible breakout. The increase in silver was triggered by global demand and geopolitical risks.
Elsewhere, WTI oil prices fell in the range of 63.79 below the upper band line. Oil prices have successfully crossed the MA 50 from the bottom, ending the downward trend. However, oil is still vulnerable to geopolitical risks and trade wars that disrupt global economic stability.
In the crypto market, the king of coins, Bitcoin, has been at a price level of $ 109k, approaching the upper band, which could be a resistance level in the range of $ 111k.
