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Pi is one of the students in our Private 1-1 BTFX mentoring program. In this session, he shared his great forex swing trade with more than 1:3 Risk:Reward ratio on Gold using the simple price action style. He is great at his trading mindset, risk management, and technical approach. He is very disciplined with this trading journal and plan and he is on the way to become a great forex gold trader! In this video we discussed students great trade on the metal market - Gold. By doing the top-down approach (GOLD anaylsis) using the high time-frames we can see our student traded the XAU/USD Gold asset with great execution and management. Price action on weekly and daily charts shows the price on Gold was in the downtrend so Pi (our student) took short trade , sell trade on GOLD.

In this video on GOLD (XAUUSD) metal video we covered the top-down approach made by our trading student and his reasons to take this great swing forex trade on gold. Simple trading approach with powerful money management rules and simple trading rules combined with right trading mindset, psychology is the key to long-term success in trading forex. Risk management rules and correct trading psychology is our best trading edge, once we learnt to read the price action and market behaviour. Our top-down appraoch , analysis on XAUUSD and weekly forex outlook is done on multiple time frames as Weekly, Daily, 4 Hourly, charts. We post weekly forex forecast videos and trade videos every week. Subscribe, like and comment to stay updated with new trading outlook videos.

Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.

Editors’ Picks

EUR/USD stabilizes above 1.0900 ahead of Powell speech

EUR/USD stabilizes above 1.0900 ahead of Powell speech

EUR/USD fluctuates slightly above 1.0900 after erasing the bearish opening gap. The positive opening in Wall Street makes it difficult for the US Dollar to gather strength and helps the pair hold its ground ahead of Fed Chairman Powell's speech at the Economic Club of Washington.

EUR/USD News

GBP/USD struggles to clear 1.3000, eyes on Fed Chairman Powell

GBP/USD struggles to clear 1.3000, eyes on Fed Chairman Powell

GBP/USD finds it difficult to build on the previous week's gains and trades below 1.3000 on Monday. Investors refrain from taking large positions ahead of Fed Chairman Powell's speech and allow the pair to stay in its daily range.

GBP/USD News

Japanese Yen declines due to improved US Dollar, awaits Fed Powell's speech

Japanese Yen declines due to improved US Dollar, awaits Fed Powell's speech

The Japanese Yen declines as the US Dollar improves due to the failed assassination of former US President Donald Trump. The JPY may experience volatility amid speculation about potential intervention by Japanese authorities. Japanese authorities are estimated to have expended between ¥3.37 trillion to ¥3.57 trillion to curb the rapid depreciation of the JPY.

USD/JPY News

Editors’ Picks

EUR/USD stabilizes above 1.0900 ahead of Powell speech

EUR/USD stabilizes above 1.0900 ahead of Powell speech

EUR/USD fluctuates slightly above 1.0900 after erasing the bearish opening gap. The positive opening in Wall Street makes it difficult for the US Dollar to gather strength and helps the pair hold its ground ahead of Fed Chairman Powell's speech at the Economic Club of Washington.

EUR/USD News

GBP/USD struggles to clear 1.3000, eyes on Fed Chairman Powell

GBP/USD struggles to clear 1.3000, eyes on Fed Chairman Powell

GBP/USD finds it difficult to build on the previous week's gains and trades below 1.3000 on Monday. Investors refrain from taking large positions ahead of Fed Chairman Powell's speech and allow the pair to stay in its daily range.

GBP/USD News

Gold on its route to retest record highs at $2,450

Gold on its route to retest record highs at $2,450

Gold regains its traction and trades in positive territory slightly above $2,420 after dropping toward $2,400 at the beginning of the week. Investors await Fed Chairman Powell's appearance at the Economic Club of Washington.

Gold News

Crypto Today: Bitcoin, Ethereum and XRP what to expect as SEC executive says Howey test applies to cryptos

Crypto Today: Bitcoin, Ethereum and XRP what to expect as SEC executive says Howey test applies to cryptos

Bitcoin trades above $62,500 on Monday, sustains above key support as head of US SEC enforcement division says Howey test applies to cryptos. Ethereum and XRP trade above key support, extending gains by nearly 3% on the day. 

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Five fundamentals for the week: Markets set to move on Trump fallout, ECB, US Retail Sales, more Premium

Five fundamentals for the week: Markets set to move on Trump fallout, ECB, US Retail Sales, more

"Donald Trump was shot" – the shocking reports from Pennsylvania reverberated across markets and will likely continue doing so. Investors will also watch for further signs of slowdown and European defiance. Here are the three key events to watch.

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