XAUUSD | New perspective | follow-up details

Yellow metal witnessed its strongest week in the last year to set a bullish tone for the coming week. However, it is worth noting that coupled with the fact that price action is within a long-term bearish momentum, the price is still trading below the $1,800 level - a level that was broken to the downside by sellers in July. Judging by what has been happening around the $1,625 in the last month, the bulls have been waiting for this week for a long time and the negative CPI data last week displayed a significant opportunity to take advantage of a weaker US Dollar. From a technical standpoint, we want to be patient and see how price action will relate to the $1,800 level in the coming week before making an informed decision.

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Past performance is not necessarily indicative of future results.

Trade ativo:

Price action is caught within the channel of $1,773 and 1,755 since the beginning of the week. Patience is required here as we waiting for signals in the form of a breakout or breakdown to anticipate an entry. Update coming soon

Good morning

Trade ativo:

Price action is been monitored as price remains within the channel but there is a tendency of bullish momentum as buying pressure appears around the 1,773 area. However, if a breakdown/retest of the 1,767.50 could incite a sell momentum. Update coming soon

Good morning

Trade ativo:

Securing the buy position a price action finally breaks out of the $1,773 zone to set a bullish tone for the week.

Trade ativo:

UPDATE

This was explained in detail during the live session today (see the video on my youtub channel). Secure current buy position

Trade fechado manualmente:

Taken out with a small profit as prices plunge below $1,773; buying above $1,773 is still feasible as long as the price does not break below the $1,768 area. Update coming soon as price action is been monitored

Trade ativo:

Secure the current buy position as selling pressure increases around the $1,783 zone and if a breakout of this zone happens, we want to be looking forward to adding more positions. However, a breakdown/retest of the $1,768 will be sending a bearish signal.

Trade ativo:

Secure current buying position as buying pressure continues around the $1,773. The $1,773 level shall be serving as a yardstick for trading activities today; if price continue to oscillating above this level we think of buy and if price breakdown/retest this level a selling opportunity will be considered. Remember that participants anticipate an high impact event coming today (Retail Sales ) which can be seen reflected on the chart as a consolidation phase.

Good morning

Trade ativo:

UPATE

Secure position

Trade ativo:

Over 1,000 pips in profit as the price is currently within the sell zone at $1,783 area... Details explained during the live session today (video on youtub)

Trade ativo:

Selling pressure continues as the price takes out the buy position with some profit; securing the current sell position. For buyers; no buying now unless the price breaks above the $1,783 level.

Trade ativo:

UPDATE

Securing position

Trade ativo:

secure position as buying pressure appears at the

Trade ativo:

QUICK UPDATE

Breakout/retest of the $1,783 will be a bullish signal hence keep this option so that we can take advantage of this move.

Trade ativo:

secure sell position as sell pressure continues at the breakdown/retest of the trendline.

Trade ativo:

secure sell position as the price breaks down the $1,773 level

Good morning

Trade ativo:

UPDATE

Trade ativo:

This was explained during the live session today (video on youtub); securing current positions as another position is triggered.

Trade ativo:

With over 1,800pips running in profit, we continue to look for opportunities to add to the existing trade trade.

Good morning

Trade ativo:

This setup was duly explained during our live session today (video uploaded on youtub); secure the current position

Trade ativo:

The current sell position is running with over 5,000pips in profit (3 positions) as we head into the weekend; securing the position

Happy weekend to you all!