As per the pre-open analysis at the start of the week, Gold is trying to head lower in a breakout. There were a number of opportunities to take part in the day's volatility for scalping the US session. However, this video explains a swing trade setup.
In this video, I walk through the key events ahead for the week, sentiment drivers and some potential setups playing out to watch for in the DXY / US Dollar, Gold, AUD and so forth ahead of the month's end and the Federal Reserve next week.
Gold price made the highest level since April while finding bids still above the psychological $1,900 level for a fifth-straight session on expectations that the Federal Reserve will ease off its hawkish stance on rate increase as inflation moderates, pressuring the US Dollar and US bond yields. However, bulls could be running into trap.
Gold rallied to fresh highs last week, trapping breakout traders above the prior week's highs, setting the conditions for a major blow-off to the downside for the days ahead. In this video, we run through the prospects of a really nice trade setting up for the week ahead. Fundamentally, gold could also struggle in the absence of Chinese buying activity without...
Some smart money concepts, Fibonacci combined with the weekly template analysis results in a 4R outcome for today's day trading in the DOW 30 CFD.
This is the start of the Dow trade and the progression of the position until where I was cut off - there is a subsequent video with the position in the money and stop loss moved to entry, waiting to the correction and subsequent bullish impulse towards last week's lows.
This video wraps up the Dow 30 day-trade, noting that market indices are moving higher as Feds Waller's comments are less hawkish than feared.
In this short DAY TRADING video, I talk through a long position, the trade set up and bias for a run on in-the-money shorts for the week, looking for a bullish breakout and short squeeze.
The pair has broken the trendline this month and has corrected back into the resistance with prospects of a downside continuation as illustrated on the following hourly chart also:
The PMI data today has given the US Dollar bears a head start before the FOMC minutes are released. Firstly, the recent cooler-than-expected US Consumer Price data has already created sentiment for a Fed pivot and investors' hopes that the central bank may be in a position to moderate its pace of hikes. In the prior statement, it read "In determining the pace of...
Gold and the US Dollar are in focus as is the RBNZ, Kiwi and the FOMC minutes.
There could be plenty more downside to come and this video explains the technical bearish outlook below 84.00
WTI has tey again been the trade of the day. The price has broken out of the geometric structure ... more to come...
Shorted the Dow 30 for a measured move and along came Poland noise to seal the deal, potentially.
The video is a late one for the week ahead offering a breakdown in gold, the US dollar and events for the week etc...
Putting into practice techniques learned, mastering on demo, managed to execute some timely traders in Gold and Oil at really nice entry and exit levels. These are definitely ones for the playbook for the future.
In this video, I touch on the analysis of gold and expectations for a move lower as we might have put in a hoW in place.
The following video reflects the prospects of significant moves in forex for the week ahead.