Gold Weekly Technical Analysis | Market Outlook & Educational Insights | Trend report — backtested on Indian market data | FakeTrades
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Gold Weekly Technical Analysis | Market Outlook & Educational Insights | Trend report

WaliBabaFx · watch on YouTube ↗
Analysed 01 Aug 2026, 03:27 PM IST
⏳ Backtest pending — a data-backed verdict will be attached.

Detected components (auto-read from transcript)

Intraday FibonacciDemand/Supply zonesLiquidity/ICT

Verdict

Not backtestable — no mechanical strategy to test. Fundamental and technical analysis of gold with COT positioning and macro factors; no mechanical buy/sell rules or backtestable entry/exit triggers defined.

We only score videos that teach a rule-based strategy (a defined entry trigger, stop and exit a computer could follow). This one doesn't contain one, so there is nothing to backtest — we show no number rather than a made-up one.

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Full transcript (1976 words)
In this video, we will take a look at the technicals and fundamentals of gold So we will start our conversation First of all, we will take a quick fundamental overview of what the situation in the market If we talk about gold right now So gold is a completely bearish situation fundamentally And the overall bearishness is basically driven by the US dollar's strength If we look at gold here Sentiments, they are bearish The whole economic growth of gold is bearish The whole data of inflation The whole economic situation We will take a look at the weak If we look at the summary If we go deep dive We will take a look at the new data This is the US dollar You will see that last week The GDP data is 2 .1 % We will take a look at the new data So we will take a look at the new data So you will notice that GDP is really bullish Dollar Manufacturing PMI Services PMI Retail Sales Consumer Confidence Inflation CPI Neutral PPI Positive Interest rate Bullish Expectations Further interest rate Increase And even Labor market NFP Employment Loss ADP Job openings All of these The US dollar For the US dollar Longer term perspective If we talk about Gold The US dollar Fundamentals are very bullish And Which is why We have Gold It is a bearish pressure problem We have Macro analysis We will show weakness This Result The US dollar Is strong In a decline 2026 A really Hit For metals Especially In 2025 Metals A very big Bullrun The US and Iran War sehr Last week, last week, we will talk about what we have told But at this time, we have this market structure After 5 ways towards downside direction And now we have a lower low We have gold in this time And market has another break of structure And a lower low has been created here Which is around 39 .60 And this area is 43 .85 This is the last lower high So technically, when market is The structure is bearish We will expect that the market is bearish And downside to our next key support That is 38 .88 This is the value of this It is the value of this And this is the value of the exact line If the market is closed on it, then the next target will become the upside Which area will be 4136 This area will become the upside Okay, now we will come to H4 What is going on in H4 If we notice in H4, we have a break -off structure This was the previous POS This area is on the top Here Break -off structure This is on the top We have a SPT model So you can all know I remember, but then we have a bearish Last week Actually, we have this area I have given you for selling If you have seen previous week You will remember that I have told you here This is selling Downside target This is the first target The market has achieved The 4070 is an important area If you notice, then weekly closing is on the 4070 Now we have this time right now if I go to match 4 Structure is very risky But as such we don't have that area Important reason Because important area is this area is the same This area is the same If we talk about this area is the same This area is the same This is the same direction This is not a very important area But sometimes You can say that there is a low probability resistance This is also going on Some of the times This was the same direction Sometimes it's going on But it's not a lot of win rate So I am focusing Rather than 4090 I am focusing on 407 70 area But daily Because it is very significant That in daily market There is no candle closing Okay Now next If I show you in H1 Then in H1 It is a great thing Here you have Structure shift On the other side And in market SBT model 8 In this area Buying This is our pass setup This is basically Friday Buying I would really want to see which way H1 behave If you see H1 on the other side that showed me then we will expect that we will have a downside and we will have a low break and we will have a downside 38, 88 but if this break out then my next point of interest will be this region A supply and where is it? 4, 1, 3, 6 starts and this goes around 4, 2, 2, 0 this is an order block area in daily next is our region we need to get down side queue and 5 waves show down bearish moment and we will be bearish but if 5 waves are not complete on downside 3, 6 price it's actually a zone in daily next in this region and then down side because it's a daily order block and if we have break out in this region so we will see in this region we will see in this region we have 5 waves in this region 5 waves complete then we will see in this region it's almost a small dot The dollar is overall in the economic rate, the dollar is very strong, the US dollar is very strong And what is the strength of the US dollar, that we have, and if I take a summary, that gold is very bearish And the previous week gold is very bearish, so you can see that the market has seen In that region, less than less, the US dollar is very good The dollar is more than 2 ,000 pips So, the fundamentals are really important to keep our eyes on So, this is a pullback, a pullback is coming, retracement Areas to watch 4070 and 4136, the order block region So, this is something I have seen If we have H1 here, we have H1 MSS, bearish continuation, then our target is 4138 But now, for short term, H1 is bullish As I have told you, this is a support area, 4143 And the next resistance is 4136 After that, we have a quick update for you Announcement, that our intraday training course is Trading course is Basically, the animation is opened again So, you have details here, I will zoom in here This is our 3 months of training So, in these 3 months of training, you will take the basic to advance Complete market In which you have institutional market structure SMC Beers Complete concepts SBT models Complete Fib Using of Fib Harmonics Targets Multiple timeframes Analysis Scalping Trading techniques Intraday Finc trading Risk management Trade management Psychology Fundamentals Complete Detail In detail That you have to know the long term direction COT analysis Advanced directional tools You have to give it In this will be your 3 months of training Basic to advance Complete So You won't be profitable Input If you are interested The number is coming In description It will be 44 7 2 9 5 I am not sure what I am going to do I am going to message you to enroll If you are interested in this You will be able to read the contents Anyways, I have seen COT I have not seen COT I have seen COT This is a big data We have Last week we got interesting points I am going to see you I am going to tell you Because when the economic growth is very A lot of numbers are positive And we are beating Overall Inflation Fed has taken its tone That is why the dollar is very strong In the COT data We have seen two consecutive weeks I am going to go here In the history of COT I am going to select the US dollar I am going to ask you will notice In the last two weeks In the US dollar If you are watching this You have covered it In the short But it has been buying In the last two weeks When the dollar is very strong In the US dollar foreign But what I want to tell is that there is a lot of unstability in our GBP How much selling has been recorded Okay, I've also seen the name of the video Keir Starmer Prime Minister That's also a lot of political unstability This is also a big factor It's a big factor We're seeing how much the pound is in this bearish pressure It's a lot of dull And last week it's a lot of selling Besides, if we have weekly changes here Then we have the most short covering It's a lot of S &P 500 Because the smartphone was very short on S &P 500 But the SPX, S &P 500 It just keeps going higher and higher You can see here SPX So it's just going up It's going up Their thesis about the crash was wrong So after being in loss for so many weeks They started to close their short coverings So they were wrong about this S &P 500 Because for a long time If I show you Positioning Yeah History And I'll show you S &P 500 So this position was almost built on You can see That End of April Selling started End of April Selling started Since the last week Before April November Yahaan I don't want to buy it in the EUR But if you want to buy it with USD It's impossible If you want to buy it with USD If I want to tell you We are here Let's see if there is a EUR Yes EUR If you want to buy it with USD And EUR Pound is also negative If I want to buy it in EUR It doesn't make sense right now Because EUR versus USD If I want to see EUR It's a lot of bearish Last week I told you that it's a lot of bearish It doesn't make sense I know it's a seller I don't know GVP USD We have been sitting here SBT Model 7A It doesn't make sense to me It doesn't make sense to me More or less Buying is less Over all There is a little wind But it will affect It will not make sense to me I told you that I see that Or weekly You know COT 2 -3 weeks And technicals Smart money Lower prices Grab Accumulation Change Treating it As a Opportunity For buyers As a retail trader We can't fully rely on Institutional positions Because Short term 2 -3 thousand Pips Moves So That's Long term We have Short term Medium term Long term We have Selling We have Captured We have Matter 3 -4 thousand Pips Short Institutes Accumulating speculative Just I have mentioned most students Like dropping In We They serve Overall, if I tell you, we are getting here The most bullish is the USG CHF, USDCAD, USG JPY by side And gold, silver, NZD, USD, DBP, EURUSD, AUDUSD Overall, this is very rare, technically and fundamentally You can see these things from that perspective Fundamentals and technicals and methods You can see these two levels of gold And those who have to take admission In the comments below, in the description And here, you have a screen We can take admission A good opportunity for this training for your intraday training course And what's the name If you have content and reviews You can see this video on this website

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