In this live‑trading commentary, Alan Solarsh examines the XAUUSD (gold) chart, identifying a potential cup‑and‑handle formation that could evolve into a J‑hook. He notes that the recent candles (including a doji) sit above the ATMA, which would normally signal a buy, but he treats this as a false‑positive due to ongoing war and U.S. political uncertainty. Solarsh explains that he will not place a blue‑banner (BB) trade despite a possible $3,500 price target, preferring to wait until the geopolitical situation clarifies. He also references the Senate vote and potential impeachment of Trump as factors that could end the conflict within two weeks. The video concludes with calls to action: viewers can comment for his Forex robot, manual trading course, or Discord invite, and are encouraged to subscribe for future updates.
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Hello everybody, let's look at the charts. So we had a very nice uptick last night and it seems like a cup and handle type of formation is forming. So it goes like this, then there is a handle, and then sometimes it goes north and then it becomes a J-hook. So what I can see is, and what I can tell you, is as follows. So firstly, the candles here, 1, 1 and 2, are above the ATMA. So theoretically it's a buy. I think that this is a false positive because the war has not ended. I don't even know if America is talking to anybody. Nobody knows if America is talking to anybody. So we need to like take that into consideration. There's also a very weak candle here and then there is a red candle, and then we have a currently a doji. So I'm not 100% sure what's happening, and none of us do. The only people that really do know what's happening regarding the war are the politicians. And I don't know if I want to trade yet, even though the second candle is above the ATMA. Certainly don't want to be placing a blue banner trade on speculation. It's like trading on news, and I don't trade on news. So I'm very wary of what's going on and where we're at, and I think I'm going to pause for a little bit longer and not place a, a BB trade yet because I feel that $3,500 is still on the cards for gold. Especially if this war continues. On a separate note, I know that they can't continue with this war for more than 2 weeks because of the Senate vote and everything, and Trump can't take that chance because if he loses, then they'll probably impeach him. So that's where we're at, and that— those are my decisions. So if you've got any questions, you can ask in the comments. You can send me a comment for my Forex robot if you're interested in automated trading. You can comment Forex if you want my manual trading course. And if you're watching this on social, and then please subscribe to my channel for more information. And then you can join my Discord as well. So if you want to join my Discord, you can type Discord in the comments as well. So it's free to join that too. Cool, I'll see you on my next the edge chairs.
