GOLD XAUUSD Trading Strategy TODAY 22-23 JUL | XAUUSD Analysis TODAY 22-23 JUL | GOLD Forecast TODAY

[00:00:01]Hello hello hello welcome to my difference friends my name is and I'm a trader next door in this video I'll be analyzing the chart of gold USD so if you're watching my videos for the first time you can subscribe to my channel for regular market analysis so let's get started and my dear friends uh at the time of recording the video as you can clearly see the market has filled the gap here we have been talking about this uh gap for quite some time because we know it very well that market doesn't gaps and yesterday also we discussed that there is a high chance that market will try to fill the gap and now at the time of recording the video we can clearly see that the gap has been filled.

[00:00:40]So if you have experience of trading gaps because gap trading is not very easy gap trading. So if you have any experience of uh trading gaps after some time you can try to look for a quick sell opportunity here. Okay.

[00:00:58]But right now we can see the market sentiment is I won't say that extremely bullish but yes market is showing signs of recovery here because if we look at the present market sentiment gold holds gain despite rising oil prices Google gains on hopes of deescalation in middle conflict. I was going through some articles and I understood one thing clearly that market has digested this whole thing. As we all know market has a very good dation. Okay. Remember uh when the war between USA and not USA, Russia and Ukraine broke out. The market was crazy. Gold was extremely bullish.

[00:01:41]Gold was flying but after few weeks gold stopped responding. Okay.

[00:01:48]Similarly in all the major crisis okay you will see that if the thing continues for a couple of days and weeks at one point market stop responding and here also we are seeing the same thing because the tension or the war between USA and Iran has been going on for quite some time and market has been responding pretty well but now as it is going on for for quite a number of days so Slowly we can clearly see the market is stopped market has stopped responding to it.

[00:02:24]If something big happens then obviously we will see a direct impact or direct reaction from the market. But sadly okay mark if we see that USA has attacked Iran again again again Iran has attacked the US basis then market may not respond again because market has understood one thing pretty well that this thing is about to continue for the next couple of days. Okay. So gold is trying to recover because whenever the tension was escalating between US, USA and Iran, oil prices were going up and gold was going down. But now we can see that coal is trying to recover here. Keep in mind that we are not talking about trend reversal here because we have discussed plenty of times in our previous videos also for trend reversal. Gold needs to cross. Sorry about the mouse. 4250 and then 440.

[00:03:24]If gold breaks 400, then only we will have a trend reversal. Okay. And the first bumper will be 4250 and ultimately 400. Until unless gold crosses 400, whatever we will see on the chart will be temporary. Right now the up move that we are seeing on the goal right now is also a temporary move.

[00:03:48]So where are the trading opportunities then? So whatever we discussed on goal yesterday they did pretty well. In fact whatever we discussed on the group also they also did pretty well. If you're still not a part of our WhatsApp community feel free to join. You don't need to pay any fees. You need just need to open your trading account under our referral. Okay. and just make a deposit of $200 so that you can trade and we can earn some commission. That's it. Okay.

[00:04:12][gasps] So [clears throat] today the first trading opportunity is the box here the support the support is still very much present 4 and 5.

[00:04:32]This one is not working pretty well.

[00:04:33]Okay.

[00:04:35]Sorry about the handwriting here. So the support zone is still very much valid.

[00:04:40]But as I already mentioned the group also that keep in mind that this support is no longer a very strong support like yesterday. This is a minor support. If you see market coming down with low volume small small candles then you can expect it to work. Okay. Otherwise the best support for the day is around 4 27 and 22.

[00:05:15]So 402722 is the not I won't say ultimate support. Okay, this is the second support person I will be observing. Why are we considering?

[00:05:25]Because 402722 is the previous resistance working as support this one.

[00:05:32]So I feel that today market will try to take the liquidity around 40450 and market will come down to 2722. If it does we can look for a buy position here. But if market comes down with small small candles means low volume then we can expect this support to work again. two support levels but 2722 is a better level but my dear friends do not forget no level is permanent in case something crazy happens use your common sense okay okay and right now as you can see market is filling the gap here okay and the more is the market sentiment is also a little bit on the bullish side okay [sighs and gasps] so today you can see here okay we can look for a buy around 4 1 0 0 means see right now market is trading 411520.

[00:06:27]So if market comes down take support on 410 0 means same concept the previous resistance working as support we can look for a buy position. Okay, as I've already mentioned uh many times that always keep in mind suppose market breaks 410 and takes support at 4190. It means that but the market has still respected the support because these levels work as zones in the market not a precise level. So 4100 419 4095 is another level or you can look for a buy position if market takes support. You can see here means buying at pullback and right now market is trading here and you can clearly see that if you are planning to buy here not a good idea because you'll be chasing the market.

[00:07:19]Okay.

[00:07:21]So it will be better for us to buy at pullback if market takes support. Yes.

[00:07:25]Everything is subjective. Okay. This is trading after all. Okay. Nothing is absolute.

[00:07:32]But during the day okay I feel that there's a possibility that after some pullback market will be going up again okay observe the market okay because [clears throat] the next detection of the market is going to be very very important and as I always say okay stay in touch with the news as well the news is going to play a major role okay [snorts] though market is stop responding to the not I not responding much to us and Iran but if anything big happens Then obviously we will see a direct impact here. So buy around 40450 4050. If market comes down with low volume the better support is 4027 4022.

[00:08:18]And right now as we can see market has already filled the gap after hitting 4121. Market is coming down. I feel most of you have missed it.

[00:08:29]Okay. Okay. And obviously this is high risk also. Okay. I have also not taken any sell position here. So if market takes support in 410 490 area, we can look for a buy there as well. Means buying a pullback. Let's wait and watch.