How I made over €9,000 in Gold Trade in 1 DAY | XAUUSD, XAUEUR Strategy Explained

Summary

In this trading tutorial, the host details a highly profitable gold trade, earning over 9000 euros from a single transaction. They explain their strategy, which involves analyzing daily charts, identifying key pivot points with Fibonacci levels, and respecting the 200 EMA as a support level. The video also discusses the impact of the dollar and non-farm payroll news releases on gold prices, and how to capitalize on these events for significant returns. The host emphasizes the importance of understanding price action and using technical indicators to spot trading opportunities in various markets.

Takeaways

• 📈 The speaker made a significant profit of over 9000 euros from a single gold trade, which was the most profitable trade of the week and month.
• 💰 The trade had an investment of 5000 euros and yielded a return of 140.41 euros, with an ROI of 100% in just one day.
• 📊 The speaker emphasizes the importance of analyzing the daily chart of gold and identifying key pivot points or using Fibonacci for support and resistance levels.
• 🗓 Gold prices are significantly impacted by the US dollar and the Non-Farm Payrolls (NFP) news release, which occurs on the first Friday of each month.
• 📉 The speaker used the 200 EMA (Exponential Moving Average) as a key support level and looked for breakouts as a signal for potential upward price movement.
• 📌 The speaker broke down the daily chart to a four-hour chart to identify support and resistance points and to draw trend lines for further analysis.
• 🔺 A trend line was placed on the four-hour chart to identify the direction of the price movement and to spot potential reversals or continuations of trends.
• 📍 The speaker identified key support and resistance levels on the four-hour chart and watched for price action around these levels to make trading decisions.
• 🚀 The speaker opened a buy trade at 15:23 and closed it after the NFP news release, which led to a significant price increase due to negative news for the dollar.
• 📝 The speaker suggests that understanding price action, support and resistance, and using indicators like Fibonacci and 200 EMA can lead to profitable trades not only in gold but also in other markets.
• 💡 The video concludes with an invitation for viewers to learn more about trading, copy signals from the speaker's group, and emphasizes the importance of education and practice for long-term success in trading.

Q & A

What significant event occurred in the gold market as described in the script?

The gold market experienced a significant price increase, reaching an important high level not seen since July of the same year, after touching a very important support pivot point.

What was the most profitable trade mentioned in the video and why was it notable?

The most profitable trade mentioned was one where the investor made over 9000 euros from a single trade, which was the most profitable trade of the week and month so far, with an ROI of 180% in just one day.

What investment amount was used in the most profitable trade described in the script?

The investment amount used in the most profitable trade was five cave (presumably a typo for 'thousand'), resulting in a return of 14,041 euros.

What is the significance of the 'NFP' mentioned in the script?

NFP stands for Non-Farm Payrolls, which is a key economic news release that occurs on the first Friday of every month at 1:30 GMT during summer time, impacting the dollar and consequently the gold market.

How does the speaker suggest analyzing the gold market in the script?

The speaker suggests analyzing the gold market by looking at the daily chart, identifying key pivot points, and using Fibonacci levels to understand price movements.

What is the role of the 200 EMA in the trading strategy described?

The 200 EMA (Exponential Moving Average) is used as a key support and resistance level in the trading strategy. Breakouts above the 200 EMA indicate potential upward price movement.

What is the importance of the trend line in the four-hour chart as per the script?

The trend line on the four-hour chart is used to identify support and resistance points, and to track the direction of the price movement, which is crucial for making trading decisions.

What does the speaker suggest doing after identifying support and resistance on the four-hour chart?

The speaker suggests breaking down the daily chart to an hourly chart to look for confirmation of upward momentum, such as bullish candlestick patterns, before placing a trade.

What is the significance of the price touching the support level and then bouncing back up in the script?

The price touching the support level and bouncing back up indicates that the support level is holding, which can be a signal for potential upward price movement.

What trading opportunities does the speaker foresee based on the Fibonacci levels and price action?

The speaker foresees multiple trading opportunities if the price breaks out of the Fibonacci levels, suggesting further upward movement, or if the price drops below the 200 EMA, indicating a potential downward trend.

How does the speaker suggest traders should react to news releases like the NFP?

The speaker suggests that traders should closely monitor the market during news releases, as negative news for the dollar can positively impact gold, leading to significant price movements.