FSVColetti's Gold Analysis: Key Patterns and Market Trends for September 23rd (Full Transcript)

Speaker 1: Hello traders, FSVColetti here. Today is Monday, September 23rd and this is my recap out of top weird videos of the day. And gold came in number 2 today so we're going to do a quick recap on the 1 hour time frame. If you didn't see my full talkdown analysis on gold from this morning, make sure you check out the video linked at the end of this video over here. So another pretty decent little push up today on gold. We are sitting at a Fibonacci level, maybe that's going to be an area of resistance. If you've been watching my videos lately, even though we have been in all-time highs, I've been telling you to continue to look for longs on all of my videos. And also if you've been following my videos, hopefully you do recognize the shape that this made. 1, 2, 3 waves down, yes it is a higher high right here, but really that's just an expanding ABC corrects and definitely a very, very recognizable pattern. Definitely another very nice entry to go long. And guess what I'm doing now? I mean, if it breaks strats at the downside, I probably still wouldn't even go short. I would actually probably throw my Fibonacci retracement out here and I would still look for 3 waves down to go long again. Otherwise, if it doesn't break strats at, it makes another little 3 wave pullback, why not just continue to go long? The trend is your friend, there's definitely no reason to say that the wave 3 is over on any higher time frames. Trend is up on every single time frame, so guess what I'm doing? I'm looking for longs in an uptrend, at least until the higher roadmap time frames tell me otherwise. So we do have some news to look forward to, and over the next day we got, first of all we got Aussie interest rate this evening or tomorrow morning, which they are not planning on lowering interest rates, but who knows. We got the press conference for Australia, which definitely should be something to look out for. We got somebody in Japan speaking. And then consumer confidence in the US New York session is probably the next big thing to look out for. The rest of this news is probably not really too much of a big deal at all. But anyways, definitely don't forget to join my free Discord group, which is linked down here in the corner. And as always, thank you and happy trading.