Following another profitable week for us on the XAUUSD (see link below for reference purposes); Gold hit a one-month high on Friday with strong signals that it may be ready to break free of the mid-$1,800 - $1,820 range it has been trapped in the past four weeks. Following the Labor Department reporting a number that again beat forecasts but not as much as in January, a smaller rate hike of probably 25bps looks more likely as against the broadly anticipated 50bps. In this video, we looked at the market strcuture from a technical standpoint with the hopes of identifying a potential trading opportunity ahead of the new week.
交易开始:
Though the week has started on a bullish note as price action is caught within a consolidation phase. We are going to be patient for a break out of structure for trading opportunties.
Good morning
Good morning
交易开始:
Secure buy position
交易开始:
Secure the buy position as we look forward to more opportunities at the breakout/retest of the $1,915 zone. However, a breakdown/retest of the $1,904 level will welcome selling opportunities.
Good morning
Good morning
交易开始:
Sell position still running in a loss as buying pressure resumes above the $1,904 level
交易开始:
The sell position still running and back into the profit zone after running in a loss in the last 24 hours. The newly identified bearish trendline will serve as a yardstick for trading activities for today.
Good morning
Good morning
交易开始:
Just as discussed during our live session today; secure all sell positions
交易开始:
Buying pressure resumes as all sell position is taken out with a small profit
交易开始:
Secure buy position
交易开始:
交易开始:
交易开始:
交易手动结束:
So, price action takes out the buy position with a small profit
交易手动结束:
1H Timeframe
评论:
交易开始:
Just as discussed during our live session today; secure all buy positions
交易手动结束:
Selling pressure resumes, taking out all the buy positions with a small profit. A breakdown/retest of the bullish trendline and $1,920 level will be welcoming selling opportunities.
交易开始:
Just as projected earlier, the breakdown of the bullish trendline insinuates selling opportunities as price action takes out the buy position>
评论:
Buying pressure negates bearish expectations. Let's see how price action reacts to the $1,930 level for trading opportunities. See you at live session
Good morning
Good morning
交易开始:
Structure identified during our live session; secure buy position
交易开始:
Secure buy position
交易结束：到达目标:
1,700 pips in profit as price action hit TP target ahead of the Consumer Sentiment Index release
Trade smart. Trade consciously
Good morning