Hello world, how are you today? It seems that the escalation of the war is continuing, and Iran and Israel are attacking each other. Could this be the predicted Armageddon war?
Back to my trading journal today, write down again some words all about forex trading activity with all risks and gains.
Independence traders have free time and no pressure from supervisors, they can trade anytime and anywhere. However, the risk of being an independence trader is high risk market volatility and no fixed earnings. All results depend on the trading performance, it could be high profit or even loss money.
Recently, the war between Israel and Iran has been tense, after Israel attacked Iran’s nuclear facilities, only about 14 hours later Iran retaliated and targeted Tel Aviv, Large-scale wars can continue because Iran rejects a ceasefire. They are not even afraid of American threats.
In situations of high geopolitical risk conflict, gold should be supported as a safe-haven asset. In fact, gold has actually corrected in the range of 3389 after breaking the upper band in the range of 3403. Maybe the impact is in the long term.
Tomorrow the Fed will release an interest rate announcement, expected to remain unchanged. Higher interest rates may be good for gold.
On the other hand, Bitcoin prices fell around $104K, moving down near the lower band. While WTI oil rose around 73.63 amid the Iran-Israel conflict.