XAUUSD | GOLDSPOT | New perspective | follow-up details
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.
Trade active:
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.
Trade active:
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
Good Morning
Trade active:
UPDATE
Secure positions
Secure positions
Trade active:
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
Good Morning
Trade active:
UPDATE
The 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.
The 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.
Trade active:
UPDATE
Secure sell positions please as buying pressure could emerge, let's keep this possibility open.
Secure sell positions please as buying pressure could emerge, let's keep this possibility open.
Trade active:
Its now over 700pips in profit from all five positions; secure position
Trade active:
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
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
Trade active:
Just as discussed during our live session today; buy position triggered. Secure position as we look out for more trading opportunities.
Trade closed manually:
Closed at break-even
Trade active:
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.
Trade active:
With over 80pips from two buy positions, it is hightime we secured position.
Good Morning
Good Morning
Trade active:
UPDATE
Simple set-up identified on the 15 minutes timeframe
Simple set-up identified on the 15 minutes timeframe
Trade closed: stop reached:
UPDATE
**Stop-loss hit as buying pressure resumes.
**Stop-loss hit as buying pressure resumes.
Trade active:
Sell re-entry triggered, two positions now running. Secure position
Trade active:
Trade closed manually:
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
Good Morning