XAUUSD | GOLDSPOT | New perspective | follow-up details
已更新
In the world of precious metals, gold is facing a delicate balancing act. Recent economic data from the United States has added a layer of complexity to the gold market. The ISM Manufacturing PMI for August surprised many by exceeding expectations, while the U.S. jobless rate edged up to 3.8% while the NFP data slightly surpassed predictions.
Wage growth, though still expanding, has slowed its pace. These mixed signals in the U.S. job market have cast uncertainty over the upcoming Federal Reserve interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's remarks at the Jackson Hole Symposium emphasized that policy decisions would hinge on incoming data, especially considering the evolving relationship between inflation and employment.
In this landscape of economic flux, gold finds itself at a critical juncture, hovering just above the pivotal $1,900 threshold. Investors are eagerly awaiting clearer signals, and the precious metal's next move remains uncertain.
XAUUSD Technical Analysis:
In this video, we delve into XAUUSD from a price action-based technical analysis standpoint. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues.
The $1,950 zone will take center stage. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of both the descending trendline and the $1,950 level could incite a strong uptrend continuation. However, if selling pressure persists below the $1,950 then some short-term selling opportunities could take center stage to trigger a USD-favored sell-off.
Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼
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.
Wage growth, though still expanding, has slowed its pace. These mixed signals in the U.S. job market have cast uncertainty over the upcoming Federal Reserve interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's remarks at the Jackson Hole Symposium emphasized that policy decisions would hinge on incoming data, especially considering the evolving relationship between inflation and employment.
In this landscape of economic flux, gold finds itself at a critical juncture, hovering just above the pivotal $1,900 threshold. Investors are eagerly awaiting clearer signals, and the precious metal's next move remains uncertain.
XAUUSD Technical Analysis:
In this video, we delve into XAUUSD from a price action-based technical analysis standpoint. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues.
The $1,950 zone will take center stage. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of both the descending trendline and the $1,950 level could incite a strong uptrend continuation. However, if selling pressure persists below the $1,950 then some short-term selling opportunities could take center stage to trigger a USD-favored sell-off.
Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼
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.
注释
The new trading week has kicked off on a bullish note, pushing prices upwards towards the $1,946.00 level. However, this level has now established itself as our new resistance level for the week. As technical traders, we'll exercise patience and vigilance, awaiting clear signals in the form of either a breakout or breakdown of the range. These signals will guide us toward potential trading opportunities.Good Morning
交易开始
Sell position was triggered at the breakdown/retest of the $1,939.50. Please secure the position now as we are still within the buyer's territory.交易开始
Our sell position remains active, and it's essential to secure this position, given the current buyer-dominated area. We need a significant breakdown/retest of the $1,935 level to establish momentum in favor of the bears. However, it's worth noting that the price is still hovering within the $1,938 to $1,936 area, indicating the potential strength of the buyers. We'll elaborate on this market structure in our upcoming live session.Good Morning
交易开始
UPDATESecure positions
交易开始
Secure all sell positions as market participants turn their focus toward the upcoming US ISM Services PMI, alongside secondary activity indicators and employment data for clues of clear directions. Good Morning
交易开始
UPDATEThe fifth position now triggered with a total of over 500 pips in profit; secure position as we look for to the publication of the ISM services PMI for more cues.
交易开始
UPDATESecure sell positions please as buying pressure could emerge, let's keep this possibility open.
交易开始
Its now over 700pips in profit from all five positions; secure position交易开始
We've capitalized on the market's shift towards the US Dollar, securing over 600 pips across six positions. Investors are increasingly turning to the USD as a safe haven amid growing global recession fears, coupled with the positive US ISM Services PMI data for August.To safeguard our gains, it's prudent to secure all sell positions as the market consolidates ahead of today's release of the weekly Initial Jobless Claims data and a revision to the second-quarter Unit Labor Costs print.
Good Morning
交易开始
Just as discussed during our live session today; buy position triggered. Secure position as we look out for more trading opportunities.交易手动结束
Closed at break-even交易开始
Our buy position remains active. Nevertheless, the recent inability of buyers to sustain bullish momentum over the last 6 hours raises the likelihood of sellers breaking the ascending trendline, potentially signaling a continuation of the downward trend. We'll be closely watching for the breakdown/retest of the $1,917.50 level as a potential opportunity for selling positions.交易开始
With over 80pips from two buy positions, it is hightime we secured position.Good Morning
交易开始
UPDATE Simple set-up identified on the 15 minutes timeframe
交易结束：到达止损
UPDATE**Stop-loss hit as buying pressure resumes.
交易开始
Sell re-entry triggered, two positions now running. Secure position交易开始
交易手动结束
All buy positions closed. Due to the current market volatility, I'll be wrapping up for today, allowing new opportunities to take shape and mature. Stay tuned for more insights! And remember, if buying pressure resumes with theoretical reversal patterns around the descending trendline and the $1,923.50 zone, we could capitalize on an uptrend continuation. Keep an eye on those potential opportunities!" 📈🌟
Trade smart. Trade consciously
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