Running Trades: My account washed out because of the oil market. Yesterday I opened a demo account for practice. My sell trade in silver is now running at a loss of 7.25$. I'm worried about rising prices. If the market breaks its resistance at 22.115, I may need to close this trade and try to recover this loss from other traders. Let's see how it goes. Now my sell trade in gold gives me a profit of 27.50$. I expect the price to go down and my target to reach 1845. The price will come to the support level at 1849.19. The breakout indicates a further decrease in the price of gold.
Fundamental News: If we look at the given picture, we have five high-impact events. At 7:00 and 8:00 am, the NZD has an Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Rate Statement, and RBNZ Press Conference events, which can be very important in the market. I will try to trade at that time because, at that time, the market moved to one side, and I close the order that is floating before the news comes.
Technical Analysis at GBP/USD: According to the H4 chart, GBP / USD shows a bearish trend. I think GBP / USD is rising more, So with the market going up, there are good buying opportunities for long-term traders. If the market breaks the resistance level at 1.25600, we have a buying opportunity. However, if the market breaks the support at 1.24700, then we have the opportunity to sell GBP / USD. Have a nice day!
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