Vladimir Ribakov analyzes EUR/GBP and gold for the week ahead. EUR/GBP shows a bullish second-wave recovery with price touching the upper Bollinger Band and key resistance zones. Gold displays a bearish structure with lower highs and lows, favoring a sell-the-rallies strategy.
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Hello traders, how are you? Vladimir here from Traders Academy Club. Welcome to my weekly Forex forecast, and today we are preparing for the trading week starting off September 4th. Uh, and, uh, first of all, I would like to wish all those of you who are parents, uh, and to wish your kids a very successful academic year. Of course, to the students among you as well, I wish you a really wonderful, successful year. In, uh, this video, in the weekly forecast, um, for the coming trading week, I want to cover 2 very interesting, uh, trading opportunities that I find, and, um, I would like to share and explain all the technical things Why are these opportunities so interesting? So it would be the euro pound, and the second one would be gold. Okay, so once again, euro pound and gold would be my two trading opportunities. So before we go to the charts, if you are new to this channel, welcome to our great community. Please subscribe. Uh, with the subscribe button below this video. And also, if you find this video and the ideas interesting and useful and helpful, please, uh, help this channel. Hit the like button, few words in the comment section would be a huge help. And, uh, thank you very much in advance, of course, to all those of you who take the time to help. Now let's go to the charts and 2 very interesting opportunities. As I said, uh, gold And the euro pound. So what do we have on these two great opportunities from my point of view? Euro pound is under second wave recovery currently, the way it feels after a previous downtrend. So we had this three waves to the downside, and now it seems it is recovering into waves. The interesting part here is. That we managed to get the break over the previous highs of the move down, okay, here by making the new high. So this was the first leg upside, pullback, and very likely to complete the second, uh, corrective leg on this recovery phase. Going down to the daily chart, and after the first Beautiful trending structure. We saw the correction, and once again we break the pre— the last high of the corrective move to the downside, which makes me think that with a pullback we should expect further continuation upside. And if we take it to the next step on the 4-hour chart, we had a beautiful massive rally here. Um, without any specific signs that is about to end. We do have upper— right, right on the upper Bollinger Band without any retrace to the lower band. Usually such cases, especially when it comes with the divergence as we have here on the moving averages and the RSI, uh, higher highs on the chart versus lower highs on the indicator Usually that brings some pressure on the price to retrace down to the lower band, to the opposite band, and after that to start and build some conditions for further bullish continuation. Note where the current bounce happens off right here, previous very important 4-hour chart resistance. Beautiful rejection zone, and after a pullback based on higher time frame analysis, I expect further continuation upside. What are the important levels to pay attention to in the next rally? Of course, the previous swing high, and basically the highs on the go. So we have this resistance which already was broken. And the next ones would be the resistances. Okay, so we have these lows. Okay, this becomes a critical zone for this rally, and that's where I believe we will see the euro pound tries to enter. Let me know what do you think about this opportunity. How do you expect the euro pound to behave? And share with us your thoughts below in the comment section. If you have any questions, of course, about any of the terms I am using, um, then you are welcome to leave them below in the comments and I'll do my best to answer as soon as possible. And before I continue to the gold, if you are new to this channel, or even if you watched that and still didn't do so, these indicators you see on my screen Uh, the Key Trading Levels indicator, the KTLI indicator, based on the volume profile analysis on a multi-timeframe scan with this beautiful absolute control, uh, and the virtual trading pen, the one that I draw on my screen with, are available for you. And below you can find them below this video, uh, in the description, uh, the links. Okay, it will take you to here. You can also find it directly from my blog, of course, vladimirbakov.com. Just go to Strategies and Courses, In-House Indicators, and that would be where you will find them. Many of these amazing trading solutions, uh, are available already in also a free version, uh, so you can just go follow the links, download, install, and enjoy them. Now let's go to the euro pound, uh, which was the first one. Now let's go to the gold. Here we are. And what do we have on gold? So we have a pretty strong bounce off the previous resistance, currently ongoing bearish momentum. No ending signs. It is moving in pretty clear bearish structure, and I believe there is more to come. And going down to the daily chart also, you can clearly see that as the price creates lower highs, lower lows in a bearish trending structure, this becomes to be a massive resistance zone. Okay, the previous swing high and, uh, all this volume area, very, very strong resistance zone. As the market creates lower highs, lower lows, the indicators also point lower highs, lower lows. So there is no ending sign at the moment, no bullish divergence, which makes me think that we are still good to go lower. And with Any pullback and bearish signs, I expect the gold to continue lower. And if I take it to the next time frame, let's put the levels, take a look on several very important zones. Let's also plot the 4-hour chart swing. Once again, I want to remind you guys, uh, this indicator, okay, the Key Trading Levels indicators with a multi-time frame control and my virtual trading plan and many more are available for you. Many of them are available in the free version as well. Just follow the links below this video in the description or directly from my blog. Okay, uh, go to the strategies courses, in-house indicators, and you would find all the amazing trading solutions we have here. Download and install and you will love them. Enjoy them. So if we take a look on the volume zone Four-hour chart volume is here, but look also on the swing highs. Swing high, swing high volume. This becomes a first very powerful zone. Next one, swing high volume, swing high right here. Okay, as long as these areas manage to hold, sell the rallies is my plan for gold. I expect to see further continuation down. And creation of very possibly of new lows. So what do you think about gold? Are we going down, or is gold ready already to start its next bullish phase? Let me know in the comment section. How do you see the gold? And please explain also why. So. Other viewers can enjoy also, uh, your inputs. So these are the 2 great opportunities I found and I wanted to share with you. Uh, thank you very much for your time watching this video. For all the other real-time trading opportunities with a real-time trading education, um, join us in Traders Academy Club with the link below this video in the description. And I'll be more than happy to share all the amazing trading opportunities I find week after week after week. So once again, thank you for your time watching this video. I wish you and yours all the best. I wish you a very successful trading week ahead, and I'll see you soon with more. Bye for now, and see you soon.
