XAUUSD | New perspective | follow-up details
Updated
The majority is in a dilemma of whether or not the US central bank is ready to pause on rate hikes. An insight could shape the narrative in the Gold markets, as inflation and recession prospects counteract the demand for the yellow metal. On Friday, we witnessed the mini-crash in prices of gold which was a result of the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and weigh on gold. Going in to the new week, is the Gold on track to a new record peak? This video, illustrates a detail technical explanation on what we shall be looking out for in the coming week.
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.
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.
Trade active
The new week has started on a bullish note as price action breaks out of our key level at the 
2,000 level hereby respecting the bullish trendline identified in the video. A miss of the breakout will require some patience for either a retest of structure or a trend continuation pattern to join the potential uptrend.Good morning
Trade active
15-minute outlookTrade active
Fall out from our live sessionTrade active
Secure the sell position Trade active
Trade active
Another sell position triggered at the breakdown of the 1,996 level, secure all sell positions.Trade active
Trade active
Price action takes out the sell position and has since found higher lows to reveal a bullish momentum and this could be the beginning of another phase of bullish momentum as the price climbs above the key level at the 2,000 level.Good morning
Trade active
Fall out from our live sessionTrade active
We just witnessed a shake-out, as both the previous buy and sell position was taken out. And with the resumption of buying pressure, we are using the 2,000 level to guide trading activities. Buying opportunity is now above the 2,007 level.Trade active
Price action takes out the buy position to trigger a sell at the breakdown of our key level. Secure the sell position as we look forward to another breakdown of structure.Good morning
Trade active
Secure sell positionTrade active
buying pressure resumesTrade active
We remain patient as the need to see how price action reacts to the potential sell window around the trendline in other to decide what our next line of action will be. Update coming up soonTrade active
5 minute timeframe outlook of price action within the sell windowTrade closed: stop reached
The resumption of buying pressure above the 1,992 level and the bearish trendline appear to have negated the bearish expection as price action gradually approaches the key level at the 2,000 level. A breakout/retest of the key level will welcome buying opportunities.Good morning
Note
However, selling opportunities below the 
1,992 level still remains a possibilityTrade active
Just as discussed during our live session; Secure buy position as we look forward to more opportunities as price action continues above the key level at the 2,000 levelTrade active
Secure all sell positions as the sell stop order below the 2,000 level was triggered.Good morning
Trade active
Update
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