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.
Hello world, how are you today? The cold air pierces my skin, maybe this is the beginning of the change of season.
Back to my trading journal today, write again somes words all about forex trading activity with all risks and gains involved.
The trading position on gold is currently floating in a loss, the Middle East conflict that is heating up due to the Israel-Iran war does not seem strong enough to bring gold higher. Maybe investors think the price is too high and need to be careful because a reversal can occur before the price continues the main trend later. Gold is now trading in the range of 3379 and sideways in the previous range.
In the Crypto market, the price of Bitcoin is still under pressure, BTCUSD is now pointing to the $104k level moving narrowly in the Bollinger band on the hourly timeframe. The Fear and Greed Index is now pointing to the level of 48, this is lower than before at the level of 50. This means that investors tend to be neutral at this time.
In the oil market, the war turmoil has caused price volatility to increase. WTI is now trading at the level of 73.00 and forming a flag pattern.
Hello world, how are you today? The air is a bit cold, piercing my skin. It didn’t rain anymore yesterday. Some farmers have started planting rice in the fields.
Back to my trading journal today, write down some words all about the ins and outs of forex trading activity with all risks and gains involved.
What happened in the market today? Gold prices are hovering around 3366 near the middle band line. The Iran-Israel conflict seems to be weighing on gold because the USD has strengthened slightly as seen from the DXY which had risen to 99.00
It seems that investors are still holding back and waiting for further changes, if the US enters the Iran war conflict, the financial market may be affected. The war in the Middle East has also brought oil prices up to around 73.67 since Iran’s attack on Israel and vice versa.
In the crypto market, Bitcoin is steady at around $104k in three consecutive days, the market is still waiting and seeing at support near the MA 50. The Fear and Greed index by Coinmarketcap shows level 48, still the same as the previous day, indicating the index is on a neutral path.
