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XAUUSD | New perspective | follow-up details

This is video is a follow-up to the previous analysis on the XAUUSD where we close to the week with over 4,000 pips profit from multiple entries (see link below for reference purposes). Gold prices maintained their bullish traction for a fifth straight week in a row as bullish investors continue to push higher highs since the beginning of the year hereby closing last week's trading session around the $1,925 zone. Throughout the course of last week's trading session, Gold appears to be facing some strong resistance at $1,940 with a technical inclination that a retracement phase is long overdue at this juncture. We can not ignore the possibility of a breakout of the $1,940 level to incite another wave of bullish momentum. So, in this video, we have identified how to position ourselves in such a way that we can catch any of these moves.

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.

Transaction en cours

Sell position triggered at the breakdown of the $1,924 level as we continue to look out for more opportunities below this structure.

Good morning

Transaction en cours

Just as discussed during our morning live session today; Secure all sell positions as the second position got triggered.

Transaction en cours

Price action takes out all the sell positions with a small profit. We still look forward to selling opportunities below the $1,924 level... And as discussed during our live session this morning; a breakout/retest of the $1,930/1,935 zone will welcome buying opportunity. Update coming up soon.

Transaction en cours

Secure all buy positions as price action triggers buy order at the breakout of the $1,930 level and look forward to adding more positions at the breakout/retest of the $1,940 level.

Good morning

Transaction en cours

Secure sell position as price action breaks down the trendline and $1,935 level. See the replay of our live session this morning for details on trade management

Transaction en cours

Secure all sell positions as the second sell position was triggered at the breakdown of the $1,930 level and we anticipate adding more positions.

Transaction en cours

Price action takes out all the sell positions with about 600 pips profit as volatility continues across all the USD pairs. Still risking a sell order below the $1,930 while price action is been monitored.

Transaction en cours

Still holding a bearish bias as price action test the bullish trendline that was broken earlier today. So with the continued sell pressure in the last 4 hours, looking forward to selling opportunities below $1,932.50 level and if it so happens that the price breakout/retests the $1,935 level, buying opportunities might be considered... Update coming up soon

Transaction en cours

Despite holding on to a bearish bias, price action breaks out of the $1,935 to trigger a buy position as projected in the previous update. Secure position

Transaction en cours

After being taken out of the buy position, selling pressure resumes below the $1,940 level again. Secure all sell positions as we look forward to adding more positions.

Good morning

Transaction en cours

Just as discussed during our live session this morning; buy position triggered at the breakout of the $1,930 level, we lookout for more opportunities to add positions

Transaction en cours

Secure all buy position with second position triggered at the breakout of the $1,935

Transaction en cours

QUICK UPDATE: Secure all positions

Transaction en cours

Price action takes out the 3 buy positions with approximately 3,000 pips in profit. Lets see how this current candle closes for a way forward.

Good morning

Transaction en cours

As selling pressure resumes below the $1,940 level, its reasonable to sell under-$1,940 and we shall be looking for more selling opportunities below the identified structure in the chart.

Transaction en cours

Just as discussed during our live studio session (replay on my channel) and in anticipation of the macroeconomic events coming up in an hour (Durable Goods Orders, Gross Domestic Product Annualized & Nondefense Capital Goods Orders) - A simple trading set -up is identified on the 15-minutes timeframe.

Transaction en cours

Two positions triggered as price action triggers sell order at the breakdown of the $1,935 as projected in our previous update; secure all sell positions as we look forward to more trading opportunities.

Note

Transaction en cours

New trading set-up on the 15 minutes time frame as price action takes out the previous sell position with about 500pips profit.

Transaction en cours

Secure the sell position as price action breakdown the $1,930 level as projected.

Good morning

Note

Perspective on lower time frame

darcsherry

Trade smart. Trade consciously

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par darcsherry