In this video we undertake a comprehensive analysis of GOLD. XAUUSD has conspicuously exhibited a robust downtrend, notably observable on the weekly timeframe. It experienced a substantial selloff followed by a marked retracement to its initial point of origin. Given the magnitude of these price movements, we anticipate further market volatility.
Within the video, we dissect a potential trading opportunity, providing an in-depth examination of the prevailing trend, price dynamics, market structure, and other crucial facets of technical analysis. It is essential to emphasize that all concepts and strategies are elucidated clearly in the video, yet it is imperative to underline that this should not be construed as financial counsel. Trading inherently carries a substantial degree of risk, underscoring the paramount importance of implementing a robust risk management strategy.
I wouldn't trade Gold during a war in Israel because an invasion tonight (or tomorrow) of Gaza would pump Gold to all time highs.
Geopolitical risk means Gold is too unpredictable to trade imho.
tradingwithanthony
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@Putrid_Shittgenstein, Yep it is volatile, agreed. There's certainly risk involved trading Gold at the moment.
Putrid_Shittgenstein
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@tradingwithanthony, It's actually difficult to trade any asset class during large scale invasion warfare because big buyers/sellers (governments) can enter the market at any time : and they have no profit motive.
I was going to short BTC at 29k yesterday morning and cancelled the order because I thought an invasion would trigger extreme volatility that would liquidate me.
Instead, I waited till things calmed down and shorted at 28,400.
Geopolitical risk means Gold is too unpredictable to trade imho.