xauusdgold is getting crazy many ppl must have blown account who got trapped into sell as thinking of may fall from here coz of sell high and buy low strategy, but the truth is trading is not on hope or luck its about patientc and education, as we see gold made anew ath as i pridicted on my previous video well what i see gold from here clear vesion on d1 chart. if you still have any qustion leave a comment in the comment.
Forexttrading
Precious metals are in an uptrendMany forecasts say that China will hold to shop for gold due to the fact the share of gold withinside the country`s forex reserves remains very low, handiest 4.9%. Meanwhile, Beijing desires to lessen its dependence at the USD.
According to specialists, treasured steel expenses have simply received momentum after the speech of the Chairman of the United States Federal Reserve (Fed). Mr. Jerome Powell stated that US inflation has cooled down. Experts and traders are growing expectancies that the Fed will quickly loosen economic coverage.
After the monetary and employment information had been released, many specialists stated that the opportunity that the Fed might begin slicing hobby prices in September extended from 65% to 68%. In addition, the marketplace additionally expects some other hobby fee reduce through the Fed in December.
Currently, traders look ahead to the mins of the United States Central Bank's contemporary coverage assembly and the non-farm payroll file to recognize greater approximately hobby fee cuts.
Live Trading Session 237: Open Trades on Gold,DJ30 & moreIn this live trading session video,we look at our open positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
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AUDJPY approaching profit target as expected, prepare to sellSell below 88.88. Stop loss at 89.39. Take profit at 87.89.
Reason for the trading strategy (technically):
Price has continued to rise nicely towards our profit target since we caught the bounce perfectly. Today we change view and prepare to sell on major resistance at 88.88 (Fibonacci retracement, swing high resistance, channel resistance) to begin the drop towards 87.89 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,3,1) is seeing major resistance below 99% and we expect to see a nice drop from this level.