Greetings and good morning to all my beloved fellow forum mates. Hope everyone is fine and doing well in trading. Yesterday MT5 forum provided us a surprised. For a short period of time weekly bonus dollar was updated but all of a sudden it was vanished. That means MT5 forum authorities are working on this hot topic in forum now. Hopefully every user will get their well deserved weekly bonus by today. Thanks to MT5 forum and Instaforex for counting your request.
Analysis on gold chart:
Yesterday gold was closed with bearish trend. It went to test 1860 level and then suddenly bounced back strongly to test 1840 level. It was well expected that gold will fall down strongly soon. But Tuesday movement was fully bullish and everyone expected that gold will gonna test 2000 level by this week. Gold looks stable right now. Today's it will try to test 1820 level. So it's strongly recommend that wait for potential selling opportunity in gold right now. Don't take big lot size in gold right now because at any time market can act abnormally. So take every step carefully right now.
Analysis on GBPUSD pair:
GBPUSD looks clearly bullish right now. But i think it won't last long. Yesterday it tested 1.3700 level which is the highest level for last few months. After that market bounced back to test 1.3650 level again. By today it may try to test 1.3700 level again but it won't break this resistance. GBPUSD is waiting for a heavy downfall. It may start this trend at the end of this month. On 20th January Mr. Joe Biden will take the presidency of USA. So after this day USD index will try to test 92.0 level. So it's strongly recommend that wait for potential selling opportunity in GBPUSD pair right now and set your TP at 1.3600 level.
What do you think about these analysis mates? Please share your analysis with us so that we can learn from your valuable analysis mates. Today i am going to visit my village which is far way from my home. I don't know whether i can share my analysis here or not because network system is very poor in my village area. Hope for the best and keep me in your prayer mates. Wish you all the best for this trading week mates.