In this weekly Forex forecast video, Vladimir Ribakov of Traders Academy Club presents two trade ideas for the week of October 16, 2022: (1) Gold (XAU/USD) and (2) the Euro/Australian‑Dollar pair (EUR/AUD). He begins with a brief channel introduction and a promotion of his free and paid in‑house indicators (Key Trading Levels, Virtual Trading Pen) and the Traders Academy Club community. For gold, Ribakov describes a bearish channel on the daily chart, notes a recent bullish MACD divergence that failed to break the channel, and projects that the current corrective structure may still have one more low before a potential bounce. He supports the view with a Fibonacci expansion (highlighting the 261.8% level near a weekly volume zone) and a 4‑hour “sell‑the‑rallies” setup (three lower highs/lows). He warns that short‑term range‑like rallies could appear before the next move down. For EUR/AUD, he revisits a prior bullish setup, pointing out a false breakout, bullish divergences across moving averages, histogram and RSI, and a massive volume area that now acts as resistance. He expects the pair to test this zone, experience a brief corrective pull‑back when RSI reaches overbought levels (~80), and then resume the rally. Throughout, he invites viewers to comment, like, and join the Traders Academy Club for free courses and real‑time education, providing links in the video description.
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Hey guys, how are you? Vladimir here from Traders Academy Club and welcome to the weekly Forex forecast. Today we are preparing for a trading week starting off 16th of October 2022. 2 very interesting opportunities that I would like to share with you in this very video, that would be the gold and the euro Aussie. Euro Aussie will be sort of a follow-up to an idea we started to follow a few weeks ago. I'll follow up and see how amazing this one develops and what else could be delivered on this, on this instrument. But before that, if you are new to this channel, welcome to our fantastic community. Please subscribe with the subscribe button below this video. And also, I would like to remind you or let you know if you are new to this channel that you can download these very amazing indicators you see on my chart. Including the Key Trading Levels indicator with a multi-timeframe control directly from the chart you are working with, Virtual Trading Pen, the pen that I draw with on my charts and I analyze with. Below this video in the description, uh, you will find the direct links, or you can go to the blog and here you would see vladimirabakov.com Go to the strategies and courses and in-house indicators. Scroll down, find the ones that you love, download, install. Many of them are available for absolutely free as well, so just follow the links, download, install, enjoy. These indicators go with me to basically any, um, trading strategy I implement on my charts. I think they are super powerful and I'm sure you would love them as well. So let's start with the gold. What does happen with gold when everyone around the world was simply screaming, buy gold because we are going for all-time highs and gold is the safest investment, especially when the market is going crazy? But here we are in October, and what happened since everybody started to scream? It was the beginning of 2022. Look what happens. Gold. After spiking through the $2,000 level, lost more than $400 already per ounce. The question is, is that the end? And I personally don't think so. I think so, uh, that we are building some sort of a corrective structure which should complete before the market will stabilize the lows And will fly very likely for new all-time highs. And this is exactly where our opportunity comes in play. Take a look what happens here on a daily chart. It is moving in an absolutely brilliant, from my point of view, bearish channel. The price action here is so clean. We have lower highs, lower lows. Developing and going. And despite the fact that on— let me just erase these lines here— despite the fact that, uh, between the most recent 2 lows there was a bullish divergence, so while the market was making lower lows, the moving average on MACD started to show higher lows. That's what caused the bounce to the upside. Despite of all that, the interesting fact here is the trend never changed. We never managed on a daily chart to go above the previous significant highs or build some bullish structure that will take us above the channel. So all these signs and what happened after the divergence, the bounce Back to the top of the channel here, and the bounce back make me think that very, very, very possible scenario is that the the bottom is not yet completed, and we we might see that going one more dive, which could be last on this on the cycle, and from there start to bounce and trend and change the trend as well. So the in order to look for the possible levels here, plot the Fibonacci on the first leg, Fibonacci expansion in that case, okay, you will see where the 261.8 of this special cycle is, right next to the weekly volume zone. Now once again, I would like to remind you, all these key trading levels indicator based on the volume profile that happens on the market, you can download the below this video in that description or directly from my blog. Okay, you can go to the blog vladimirabakov.com, strategies and courses, in-house indicator, download all the indicators you would love. Um, many of them are available as well for free. So, um, long story short, with all the explanation here, I believe gold yet has more to offer to the downside. And on the lower time frame, the 4-hour chart, this is where I see clear trending, um, behavior right now. Price behavior, that's 3 lower highs, lower lows to define trending structure. So from my point of view, sell the rallies is the plan here. I do believe that the gold should develop further and take us to new, maybe final lows in this cycle. Now, the one thing important to remember here, that in sometimes the, um, movement— okay, because we, we saw the waves on the daily chart developing pretty clearly, but sometimes the movement after the trending structure tends to be in some sort of a range. So that might develop also in a sort of a range, like it will give this feeling that now we are going for all-time highs or whatsoever, create some impressive rally, and then bounce back to go and deliver a new low. So, uh, this is what I see on gold. Let me know, how do you expect gold— what do you expect from gold personally? And please share your view below this video in the comment section. And also, if you enjoyed this video and the content I share with you on the channel, please show your support back. Hit the like button. Your words in the comment section would be a huge help to me, my team, and the work we put here for you. So the next one would be the Euro Aussie. Now, Euro Aussie is an instrument I shared for several weeks, on the last several weeks, few times. If you miss these videos, you can find them directly in the channel in the weekly forecast where I analyze the euro Aussie and the euro CAD, which both delivered very impressive waves. But I don't think this is the end of this impressive rally, and the reason I don't think so is because after a very impressive move to the downside, it completed the movement with a false breakout, fake low, bullish Divergence on everywhere: moving averages, histogram, and the RSI. Absolutely amazing, um, I would say phenomena, but technical condition. And what happens since is we break through this high. Usually what happens is that this wave should complete, bounce, and then continue further. And that's exactly what I would anticipate. Look where the falling resistance line, the current falling resistance line is of this bearish trend right here. Look where the volume— look at this massive volume area here, okay, where it is, and the swing highs that are waiting there. So I believe it should go closer to this zone, finalize the rally, and from there, very likely to believe we are going to see some bounce to the downside before very likely further on we will rally, um, further. So taking it to this stage, that's exactly what, um, I believe. This is the first zone, this is the second zone, and on the lower time frame, any pullback would take us closer and closer to these levels. What I would start to pay attention to is when the RSI gets to the very overbought conditions Next to the 80, and we should see here, we should start to see some slowdown developing with fake highs to be created. That's how we know the momentum is losing, and this is where the correct bigger correction will be very likely to happen, where from I would anticipate further rallies. So this is how I see the Amazing opportunity. Well, it was, it was such a beautiful ride already with several hundred pips delivered, which I hope you enjoyed. And again, this was shared with you here in this very channel. You can find all these videos in the, in the channel. Just see the previous videos of the weekly forecast. So that's my view on the euro Aussie. The rally still should continue but starts to slow down. the closer we get to these key zones I just showed in the volume areas. And I believe this is where the next opportunities on the corrective phase should develop on this pair. Now let me know, what do you think about this one? And I would like to take this opportunity to thank you for your time watching this video. I wish you a fantastic trading week ahead. Best to you and yours. And I would also would like to welcome you And to invite you to join our trading family, Traders Academy Club. Enjoy our free VIP price action course, real-time trading opportunities, and real-time education, an amazing trading community. Just follow the link below this video in the description, and I hope to see you with us. I wish best to you and yours. Thanks for your time once again. I'll see you soon with more.
