Trading Room

Weekly Forex Analysis Apr 24 – 28 – Gold Holding The $2000K Level

April 24, 2023 | 5:15 pm | The 5%ers' Blog > Trading Room
April 24, 2023 | 5:15 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis Apr 24 – 28 – Gold Holding The $2000K Level

Interesting level on CAD/CHF

The trading rooms are the opportunity to trade together with our traders!

The rooms are available for all traders four times a week.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

In today’s trading room, we analyzed the major pairs to look for long-term setups.

We found an interesting level on CAD/CHF, as it is trading at historically low levels. In many cases, we tend to see governmental interventions to reverse these markets.

We established a bearish bias on gold, as it formed a divergence pattern on the daily charts and bearish strength on the hourly timeframes. Based on that, we took a profitable short scalp on gold.

 

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