XAUUSD | New perspective | follow-up details
Updated
The gold struck a fourth straight weekly gain, settling within a strong psychological range of the $2,000/$1,935 as heightened inflation worries coupled with the banking crisis in the US and Europe limited the growing potential of the Greenback hereby making the Gold a safe haven for market players. In this regard we scooped over 1,500 pips during the course of last week's trading session (see the link below for reference purposes) to end last week on a profitable note. In this video, we analyzed the current market structure from a technical standpoint with the hopes of taking a position ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
A sell position is triggered as price action breaks down the support line for the week at the $1,970 level. Good morning
Trade active
Trade active
secure sell positionsTrade active
Secure all sell positionsTrade active
15 minute outlookTrade active
Trade active
Simple trading set-up identified on the 30-minute timeframe as the potential of a reversal pattern is gradually unfolding. Secure all sell positions if you are still selling. Update coming up soonTrade closed manually
Price action takes out the buy position. Update coming up soonGood morning
Note
Note
30-minute OUTLOOKWe are using the trendline to guide trading activities today
Trade active
Secure buy positionTrade active
Two positions now triggered; secure all buy positions nowTrade active
Secure all buy positionsTrade closed manually
Price action takes out the two buy positions with approximately 120 pips in profit. Update will be discussed during our live session as we monitor price action around the current structure.Good morning
Trade active
Just as discussed during our live sessionTrade closed manually
Selling pressure resumesTrade active
Secure buy positionsTrade closed manually
All positions are closed. We are waiting for a signal and confirmation here for any trading opportunities... We'll discuss this in detail during our live session today, see you there!Good morning
Note
Just as discussed during our live session Note
Price action takes out the buy position at break-even as selling pressure resumes following a below-expectation GDP data at 2.6%Trade active
30-minute OUTLOOKTrade active
Trade active
Secure the two buy positionsTrade active
Selling pressure resumes, secure all buy positionsGood morning
Note
Trade active
After being taken out of the buy position, the sell stop order was triggered at the breakdown of the $1,975 level. Secure sell position as we look forward to adding more positionsTrade active
Trade smart. Trade consciously
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