XAUUSD | Perspective for the new week | Follow-up details
It is believed that the Federal Reserve is letting the stock market crash in order to bring U.S. inflation under control. It was a challenging week for the value of Gold which plunged on Monday to $1,787, its lowest level since the beginning of the year to incite what looks like a reversal pattern as price action started to find higher lows that culminated in a breakout of structure on Friday (see 4H time frame). Hence from a technical perspective, I am looking forward to the confirmation of this reversal set-up to join the potential rally in the new week.
NB: I didn't know that the video length that can be recorded on Tradingview was capped at 20minutes hence the abrupt end of the video. So, the second possible entry point can be seen in the link in the comment section below.
Risk 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.
NB: I didn't know that the video length that can be recorded on Tradingview was capped at 20minutes hence the abrupt end of the video. So, the second possible entry point can be seen in the link in the comment section below.
Risk 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.
Comment:
Trade smart. Trade consciously