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Welcome to our YouTube channel, where we bring you daily insights into the exciting world of gold and silver trading! In today's video, we present a comprehensive analysis of XAUUSD (gold) and provide you with a winning strategy for the day. Stay tuned for our expert XAUUSD forecast today!

I have carefully examined the market trends, patterns, and key indicators to bring you the most accurate analysis for XAUUSD today,02/08/2023. Whether you're a beginner or an experienced trader, this video will provide you with valuable information to make informed trading decisions.

I understand the importance of having a solid strategy when trading XAUUSD, and that's why we've crafted a powerful strategy tailored specifically for today's market conditions. By following our XAUUSD strategy, you can maximize your potential profits and minimize risks.

Don't miss out on this opportunity to stay ahead in the Gold & Silver Price forecast Today. Subscribe to our channel now and hit the notification bell, so you never miss an update. Join our community of passionate traders and elevate your trading game with our daily XAUUSD analysis and forecasts.

Remember, successful trading requires knowledge, skills, and up-to-date information. Let us be your trusted source for all things XAUUSD. Watch our video now and start your journey toward profitable gold and silver trading!

Timestamps:
00:01 📉 Gold and silver traded in a range with a slight bullish bias.
00:30 📊 Daily chart analysis shows resistance at 1956 for gold and 2460 for silver.
02:08 📈 Gold might experience a V-shaped recovery with resistance at 1973.
03:32 📉 Gold's strong support is at 1940, a break below 1930 may indicate bearishness.
06:53 📊 Silver has resistance at 2450 and 2460; support at 2410 and 2415.
09:01 📉 Watch out for silver's support at 24. Buy above 2450 and sell below 24.

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1) click the camera icon on Tradingview
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On this stream, I show you how I trade the market in various ways using Price action trading using all timeframes while focusing on being disciplined, since psychology is a huge part of trading. The focus is on Day trading and also taking some scalps when the volume is pushing! We trade and GBP JPY XAU USD live.
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In this live stream, we will analyze the Stock market and commodity market in real time. This stream is helpful for intraday traders and short-term traders as well as for long-term investors. We will analyze the Nifty and Bank nifty trend with the help of our advanced software on which we have spent over 12 years in research. We also analyze the different sectors and stocks which are buzzing and we will share the intraday strategy in Equity Cash Future & options MCX Commodities during the live stream to guide you during the live trading session today. We also answer the viewer’s questions about stocks and commodities so you can also ask your question using the live chat option.


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Learn to live trade the New York session daily on this livestream. In this stream you'll learn how to scalp the markets and trade with us using XAUUSD & GBPJPY.

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gold will break 1935 resistance nor not ?
will price hold 1893 level on cpi news this week ?
how to trade triple top in gold ?
analysis based on technical analysis and macro economic fundamental analysis

How to trade July FOMC rate decision
↙️news this week ↘️
Wednesday 12 July - cpi, BoC rate decision
Thursday 13 july - Job claims, PPI
Friday 14 July - inflation expectation

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What is difference between Break of Structure and Change of Character?
BoS happens whenever the price breaks a previous high or low in the direction of the current trend.
Ex: in Uptrend, making higher highs, price makes a new high going higher than previous one.
CHoCH happens when price breaks a previous high or low going against the trend.
Ex: In Downtrend, making lower highs, price breaks above previous lower high, creating a new first higher high and continues higher switching to an uptrend.

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The software and tools is intraday and positional . It is based on the core logics of market buyer and sellers , giving very logical turning points . It can forecast levels in stocks , and options , NIFTY AND BANKNIFTY . Please learn some more details from the video. Watch it properly .

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Daily fx is a decent website for fundamental analysis and they also have a lot of tools for forex trading.
They have two different types of calendars.

00:00 - Importance of Trusted Forex News Website
02:02 - Top 5 Websites for Fundamental Analysis forex
02:22 - Forex News Website #5
03:40 - Forex News Website #4
04:45 - Forex News Website #3
05:26 - Forex News Website #2
06:54 - Forex News Website #1


The regular economic calendar and the central bank calendar.
As the new events from the central bank meetings are the most important ones, they decided to create a separate section for such news and it does help a lot to keep track of that news.
The economic calendar provided by daily fx is nice and simple and easily customizable.
You can set the priority of the news, the currency pairs, and types of news as per your needs.

One of the things I liked about daily fx is that you can directly add the news event to your calendar and also set alerts which are really very helpful.
They also have a smartphone app for both IOS and Android which can really be very beneficial for you when you don't have your laptop with you.

At number 4 we have Myfxbook.
Myfxbook has become a go-to website for all the new forex traders and it is due to the variety of tools and educational things they offer.
Myfxbook offers you a community of like-minded traders from whom you can copy trades and also create and manage your own portfolio.
Due to this a lot of traders started using the economic calendar from Myfxbook itself.
Why go to different places when you have everything under one roof.
Just like every economic calendar you can customize the economic calendar on my fx book as per your needs.
You can also set an alert on the website and time when you wanna be notified.
They have an app for both ios and android and you can get alerts directly on your smartphone via the app.

The 3rd is Investing.com
Investing.com is truly a haven for investors and traders and provides an easy-to-use economic calendar and lots of blogs from some of the trading experts.

Even here you have the same economic calendar as the first two provided and you can customize and add alerts over here too.
Here the news is more reliable than my fx book and daily fx.
Just like the first two, investing.com also has an app on the app store and play store.

The 2nd one is fxstreet
There is a reason why I am keeping Fxstreet at number 2.
fxstreet is very very reliable.
FXStreet is a leading source for reliable news and real-time Forex analysis. FXStreetoffers real-time exchange rates, charts, and an economic calendar.

Being a forex dedicated website, it has a lot to offer for the traders and provides easy and reliable economic data.
In the economic calendar section, you get three different options.
the first one is the normal economic calendar like every website provides.
The next section is of interest rates where you get detailed interest rate-related news and content and the third is of market hours where you can see the timings of different types of sessions.

By the way, I have added a video on different kinds of sessions and which pairs to target during each session you can check it out by clicking the I button.
On FXstreet you can add the news to your personal calendar directly and also set a notification.
And it is also available on ios and android.

At number 1 we have forexfactory.com.

Forexfactory is my personal favorite website for reading economic calendars.
And the reason for that is nothing but the reliability,
Yes, the forex factory does not have features like its other competitors have.
Here you cannot set alerts and you also do not have a different section for central banks news.
But it is the most reliable website for reading news as during a news release forex factory first compares the news from 10 different sources and then shows it on their website to make it very reliable.

Forex factory has a very simple and user-friendly interface and news is quite easy to ready.
They also provide top articles just below the economic calendar and these articles keep on changing with every other news release and hence help you be up to date with the global news events.
Unfortunately, there is no app available for the forex factory and you have to use it on an internet .

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