XAUUSD | New perspective | follow-up details

Amidst uncertainty over the extent of the Federal Reserve’s future tightening path, the U.S. dollar weakened and went on to close the week at a 2.7% loss. Despite a series of robust economic data releases in recent times, including inflation pushing in at elevated levels, there are high expectations that the U.S. central bank will deliver a 50 basis point rate hike in two weeks’ time. So in this video, we have taken the time to observe the charts from a technical standpoint to decipher how to prepare for the new week.

00:45 Reference to last week's daily commentaries and results
05:05 XAUUSD Technical analysis on Daily chart
09:00 Macroeconomic events to look out for the week
11:05 XAUUSD Technical analysis on 4H Timeframe
13:54 Conclusion on next week's expectation on XAUUSD

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.

Handel aktiv:

Price has been trading within a range since the beginning of the week. A breakout or breakdown of the channel shall welcome trading opportunities.

Good morning

Handel aktiv:

You might want to watch the replay of our live session today as there are some comments regarding the management of this trade that will be more understood watching the illustrations

Handel aktiv:

Buying pressure resumes hence a buy-stop order above the $1,854.
With the current structure selling won't be considered unless a breakdown/retest of the 1,848.50 zone

Handel aktiv:

Secure sell positions

Handel aktiv:

As projected, the rejection of the $1,1845 level triggers a buy position with the hopes of a breakout/retest of the $1,848.50 as we anticipate the Fed Chair Jerome Powell's testification before the US Congress today.

Good morning

Handel aktiv:

Secure sell position; watch the replay of our live session this morning for details

Handel aktiv:

Quick update

Handel aktiv:

Second sell position is triggered as we get close to the beginning of the Fed Chair's testification. Secure all sell positions now

Trade stängt: målet nått:

With over 4,500pips in profit as price action hits TP target at the $1,820 level. A sell stop order is placed below this structure for a potential trend continuation

Handel aktiv:

New position triggered at the breakdown/retest of the $1,820

Handel aktiv:

Secure the sell positions; update coming up soon

GOod morning

Handel aktiv:

During our live studio session this morning, we identified a simple set-up on the 15-minute timeframe

Handel aktiv:

During our live session this morning; we had a counter-trend opportunity triggered; position is secured

Handel aktiv:

Secure the buy position

Handel aktiv:

We are not getting carried away with this bullish momentum as the current structure still has a high chance of selling opportunities hence the need to set our sell positions. Update coming up soon

Handel aktiv:

Following positive ADP data; Price action takes out all buy positions with a small profit. LEts wait for normalcy to come in before making any decision from this structure. Update coming soon

Handel aktiv:

Buying pressure resumes at the resistance line of the channel.

Good morning

Handel aktiv:

Secure buy position

Handel aktiv:

Potential reversal pattern identified

Handel aktiv:

Secure all buy position as price action breaks out of the $1,820 level

Handel aktiv:

TP target zone hit with a cumulative 3,000 pips profit (2 positions). Waiting for new structures

Handel aktiv:

QUICK UPDATE

Handel aktiv:

The fourth buy position is triggered as price action breaks out the $1,831 level. Secure all buy positions now as selling pressure could come in anytime soon

Handel aktiv:

All buy position remains secured

Good morning

Handel aktiv:

20 minutes into the NFP

Handel aktiv:

Secure buy position as buy stop triggers at the break of 1,837

Trade stängt: målet nått:

TP target hit with 2,300 pips in profit.

Happy weekend every one!