Check out my technical analysis on gold. I will be analyzing the gold market for trading opportunities for the next week. Visit my website: https://forex-expert.net/
Disclaimer: The information contained in this video is in no way financial advice. They represent my personal analysis. Trade according to your strategies. Thank you
Subtitles
i’m expecting this on the gold for the next week
hello everybody welcome back to another video today i’m gonna analyze the gold market to see if there are interesting opportunities for the next week i don’t know if you trade the gold but it’s very liquid and uh you’re gonna make an impressive amount of money if you’re diligent and if you follow your strategy so let’s jump to the analysis as you can see we are in the downtrend the price is clearly below the 200 ema situation is pretty clear and now during the middle of the summer and here in september
the price for these two bottoms europe first one was touching the 70 then we got a retracement to retesting the 50ma pushing the price between the 250ma
then sellers took control again and push the price down again retesting the targeting the 1700
so i think there are interesting trading opportunities for the next week uh analyzing the candles as you can see from the friday candle we can spot an interesting seller of pressure okay sellers are putting a lot of pressure to target
a 1680 level previously touched on july 21.
so what can happen if sellers are strong enough to push the price to push the price down i’m expecting the the market to retest the 68. okay so in my day training journey i will look for a
bearish environment for a short one but since the market is unpredictable we don’t know where uh effectively the price will go we may expect the price to go up okay so the buyers take control after this rebound on the 1700
psychological level and now it’s acting like a support zone okay the buyers may push the price again to 1750 we’re testing this very strong resistance
and getting close to the 50ma so those are the possibilities for last week of course the main lateralize
between 1750 and 17. so we will have like a ranging market
and we will trade according to our ranging strategies
we must keep an eye on the dollar okay so those are my thoughts for the upcoming week let’s see what will happen and with which patterns will form in the lower time frames i trade a five minute time frame so i will take a nice look at the turtleneck for today’s everything let me know under the comments what do you think uh what do you expect from the gold and uh if you’re training it share your opinion your experience you are very very very welcome so for today’s everything see you soon.