XAUUSD | Price Action | New perspective | follow-up details
Updated
Join us on this captivating journey as we explore the latest developments in the world of gold trading. Brace yourself for a thrilling episode filled with exciting twists and turns!
XAUUSD Fundamental Analysis:
The Gold price experienced a substantial surge in the wake of the recent US inflation data release. With the dollar lingering near 15-month lows and investor optimism surging, it appears that the US Federal Reserve's rate-hiking cycle may be reaching its conclusion. As we dive deeper into the details, we uncover a fascinating story: U.S. consumer prices growing at their slowest pace in over two years, accompanied by the smallest increase in U.S. producer inflation in nearly three years. Furthermore, U.S. import prices dropped 0.2% last month, while consumer sentiment reached its highest level in almost two years.
These remarkable developments have paved the way for the yellow metal to potentially achieve its most substantial weekly gain since April. However, we must remain mindful of potential profit-taking activities in the coming weeks, as the bullish momentum around the $1,963 zone gradually dissipates.
In this riveting video, we embark on an in-depth analysis of XAUUSD's price action. Our examination focuses on intricate patterns of accumulation and distribution. By deciphering past price movements, interpreting market behaviors, and identifying recurring trends, we uncover invaluable insights into the motivations and actions of both buyers and sellers.
XAUUSD Technical Analysis:
Within this context, we place particular emphasis on the crucial range between $1,963 and $1,955. This range holds the key to the upcoming week's price action, making it a pivotal focal point of utmost importance. The reactions witnessed within this zone, particularly in the first half of the week, will serve as indispensable indicators, guiding our trading decisions with precision.
Together, let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lie ahead! Armed with my updates and in-depth analysis, you will be equipped with the necessary tools to make well-informed and strategic trading choices throughout the week. The stage is set, the spotlight is on, and the thrilling drama of the gold market awaits your presence. Stay tuned in and get ready to embark on the adventure with confidence and finesse!
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
XAUUSD Fundamental Analysis:
The Gold price experienced a substantial surge in the wake of the recent US inflation data release. With the dollar lingering near 15-month lows and investor optimism surging, it appears that the US Federal Reserve's rate-hiking cycle may be reaching its conclusion. As we dive deeper into the details, we uncover a fascinating story: U.S. consumer prices growing at their slowest pace in over two years, accompanied by the smallest increase in U.S. producer inflation in nearly three years. Furthermore, U.S. import prices dropped 0.2% last month, while consumer sentiment reached its highest level in almost two years.
These remarkable developments have paved the way for the yellow metal to potentially achieve its most substantial weekly gain since April. However, we must remain mindful of potential profit-taking activities in the coming weeks, as the bullish momentum around the $1,963 zone gradually dissipates.
In this riveting video, we embark on an in-depth analysis of XAUUSD's price action. Our examination focuses on intricate patterns of accumulation and distribution. By deciphering past price movements, interpreting market behaviors, and identifying recurring trends, we uncover invaluable insights into the motivations and actions of both buyers and sellers.
XAUUSD Technical Analysis:
Within this context, we place particular emphasis on the crucial range between $1,963 and $1,955. This range holds the key to the upcoming week's price action, making it a pivotal focal point of utmost importance. The reactions witnessed within this zone, particularly in the first half of the week, will serve as indispensable indicators, guiding our trading decisions with precision.
Together, let's replicate the triumphs of the previous week and prepare ourselves to seize the opportunities that lie ahead! Armed with my updates and in-depth analysis, you will be equipped with the necessary tools to make well-informed and strategic trading choices throughout the week. The stage is set, the spotlight is on, and the thrilling drama of the gold market awaits your presence. Stay tuned in and get ready to embark on the adventure with confidence and finesse!
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Note
The price action continues to remain confined within the range of $1,956.75 and $1,951, highlighting a significant level of indecision in the current market situation. At this juncture, it is prudent to exercise patience and wait for a clear signal on the chart, indicating either a breakdown or breakout of this range, which will present potential trading opportunities. We will delve into this market structure in more detail during our live session today.Good Morning
Trade active
Secure buy positionsNote
15minute OUTLOOKTrade active
Secure all buy positions as orders got triggered at $1,955, $1,956.75, and $1,960 levels. We lookout for more trading opportunities.Good Morning
Trade closed: target reached
TPP target hit with over 300 pips profit; we are going to wait for new structure to mature before new trading opportunitiesNote
New trading set-up emerges on 15 minutes time frameTrade active
110 pips in profit; time to secure positionTrade active
Market sentiment still looking bullish; secure buy position while we look out for more opportunities to buyGood Morning
Trade active
Fall out from our live session todayNote
At this moment, exercising patience becomes crucial as we await the market participants' response to the $1,979 level to determine our next course of action.Good Morning
Trade active
UPDATEFallout from our live session this morning; buy position triggered
Trade active
Sell position triggered; secure positionTrade active
Three positions running with approximately 200pips in profit; securing positionsTrade active
UPDATEAll four intended position for this trade triggered with over 300 pips in profit
Note
After yesterday's profitable trade, trading activities are currently confined to a range between the price levels of $1,967 and $1,972. The next course of action for today hinges on how the price action responds to this crucial level. Our upcoming live session will delve into a detailed analysis of this situation.Good Morning
Trade active
Following up on our live session this morning; secure the sell position as we continue to monitor price action.Trade active
UPDATEAnother sell triggered
Trade smart. Trade consciously
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