XAUUSD | New perspective | follow-up details

The Gold continues its bullish momentum as it neared a nine-month high on Friday to close the week at the $1,920 level which shall be the basis for our trading activities in the coming week(s). As confidence that the Fed is almost done with raising rates gets stronger by the day, will the Gold experience a retracement phase in the coming week? In this video, we reviewed the charts from a technical standpoint where we are expecting price action to transition into some tradeable structure around the $1,920 level.

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Trade active:

Caught within a channel at the beginning of the week and we shall be looking forward to either a breakdown or breakout for trading opportunities.

Good morning

Trade active:

Secure sell positions

Trade active:

Just as discussed during our live session this morning

Trade active:

Secure all sell positions... update coming up soon

Good morning

Trade active:

Secure all sell positions as bears find it difficult to break down the $1,905. So, we shall be looking forward to a breakout/retest of the trendline ($1,920 level) for bullish confirmation to join a potential rally. Please note that a breakdown of the $1,905 will remain valid for selling opportunities.

Trade active:

Price action takes out all the sell positions with approximately 1,500 pips as the price breaks out of the trendline this morning. Let's be patient here as sellers still have a say in this current structure. Let's see if the price will retest the $1,920 level to incite another wave of bullish momentum but if it breakdown/retest the $1,920 level, we will be anticipating selling opportunities.

Good morning

Trade active:

secure buy position

Trade active:

Secure buy position as we anticipate the Retail Sales data in 30 minutes from now which might likely incite a strong bearish move. Watch the replay of my live session for detailed insight on how to manage this trade.

Trade active:

The Retail sales data came in below expectation and this development might reflect as bullish traction for the US dollar. Secure all buy positions (lock your profits and watch out for selling opportunities). Update coming in soon

Trade active:

Trading set-up on 15-minutes timeframe

Trade active:

Just as projected, price action takes out the buy position to trigger the sell order below the $1,917 level. Secure position as we anticipate another opportunity.

Trade active:

Secure all sell positions as we look forward to another opportunity to add one more position at the breakdown/retest of the $1,905 level.

Trade active:

Typographical error on my previous update. It is a $1,910 level instead of $1,920... Thank you @ibbyskrrrr, for this observation

Trade active:

Price action takes out the sell position with about 1,500pips in total as buy pressure resumes again. Risking a buy position at the breakout/retest of the $1,910 level.

Good morning

Trade active:

Just as discussed during our live session this morning; Price action takes out the buy position as selling pressure resumes.

Trade active:

Secure the two buy positions as we look forward to another opportunity if price continues to find higher highs.

Trade active:

Secure all the buy positions as the third position got triggered at the breakout of the $1,920 level

Trade closed: target reached:

TP target hit on all positions with over 3,000 pips in profit

Trade active:

Following the profit-taking yesterday; price action has been caught within a consolidation. So, we have two structures to guide trading activities for today - $1,935 and $1,929 Level.

Good morning

Trade active:

Secure the sell positions as buy pressure resumes around the $1,924 level