---
title: 'LIVE: The Gold Short Most Traders Will Miss This Week'
source: 'https://youtube.com/watch?v=J1Q9zdba8I4'
video_id: 'J1Q9zdba8I4'
date: 2026-08-17
duration_sec: 1737
channel: 'Jude Umeano'
---

# LIVE: The Gold Short Most Traders Will Miss This Week

> Source: [LIVE: The Gold Short Most Traders Will Miss This Week](https://youtube.com/watch?v=J1Q9zdba8I4)

## Summary

The video is a live trading session focused on the forex and gold markets. The host analyzes the dollar index, EUR/USD, GBP/USD, AUD/USD, and gold, highlighting the impact of upcoming events like the US Senate vote on Kevin Warsh's Fed chair nomination and the CPI announcement. He shares his current gold trade, explaining his entry strategy and why he took a partial position.

### Key Points

- **Market Overview** [02:08] — The forex markets are ranging without clear direction due to upcoming events: the US Senate vote on Kevin Warsh's Fed chair nomination and the CPI announcement.
- **Kevin Warsh Nomination** [03:07] — The US Senate will vote on Kevin Warsh's nomination for Fed chair, requiring 60 votes to close debate and a simple majority to pass. He is expected to be confirmed and is considered pro-Bitcoin, which could boost crypto prices.
- **CPI Announcement** [04:21] — CPI data will be announced tomorrow at 1:30 PM West African time, contributing to market ranging as traders await the data.
- **Fed Chair Transition** [05:01] — Current Fed chair Paul Powell will leave on May 15, with Kevin Warsh taking over. This transition could bring changes to Fed policy, affecting market reactions.
- **Dollar Index Analysis** [08:19] — The dollar index shows a break of structure and change of character to the upside, expecting a downward move before an upward one. A 4-hour demand zone and Fibonacci golden zone suggest potential support.
- **EUR/USD Analysis** [12:57] — EUR/USD tapped into the golden zone (62% Fibonacci) and shows a 1-hour demand zone. The host is waiting for a move lower before considering a long entry, but no trade is taken without confirmation.
- **GBP/USD Analysis** [15:34] — GBP/USD also tapped into the golden zone, but direction is unclear. The host is not taking any trade yet, waiting for a clearer setup.
- **AUD/USD Analysis** [16:31] — AUD/USD shows a clear break of structure, indicating a potential bullish move. The host is waiting for a retracement to a demand zone for confirmation.
- **Gold Trade Setup** [17:39] — The host is in a gold short trade, entered at half position. He identifies a liquidity sweep on higher time frames and a golden zone on the 4-hour chart, targeting a retracement to a supply zone for a second entry.
- **Entry Strategy** [20:20] — The host entered half position due to a shallow change of character that could fail. He plans to add to the position if price reaches the supply zone and confirms on the 5-minute chart with a change of character.
- **Risk-Reward Potential** [24:31] — The gold trade has a potential 9X reward, which could yield a 9K profit with a reputable prop firm. The host emphasizes that this could be the only trade needed for the week.
- **Crypto Preview** [27:11] — The host plans to analyze the crypto market tomorrow, expecting potential moves due to Kevin Warsh's pro-Bitcoin stance. He also mentions the upcoming beta test of his 'Copy Me' app, starting with crypto.

### Conclusion

The host emphasizes patience and waiting for clear confirmations before entering trades, especially in ranging markets. He highlights the gold short as a high-probability trade with significant reward potential, while keeping an eye on upcoming economic events.

## Transcript

started with today's analysis. Now, looking at this looking at this um for the forest markets, there is lots of for this week's trade or at the moment
um the chart is not showing any um clear direction on what's whether to go long or go short. You can see that on um Euro USD, dollar pounds. Um AUD A- AUD Yeah, AUD is giving some
some level of clarity um that is not seen in other charts, but there is one clarity we can see, which is on gold. Gold is giving us a very good entry. As a matter of fact, I'm already in
in this trade. Now, if we go back and look at the forest markets, what is making it uh give this Why are we not seeing a clear direction? It is simple. There are two
events happening this week. One, like in the US. One is Wash. Wash is going to be confirmed. having tentative chair nomination vote. So,
it's expected that 60 votes are needed to bring the 60 votes are needed to bring the nomination debate to a close and hold a vote and which requires a simple majority to
pass. The US Senate will vote to pass or reject the nomination of Kevin Wash term um 20 May 2026 to May 2030. So,
Trump nominated this guy and today the Senate is not Is it today? Today or tomorrow? Senate is going to pass, you know, vote on this um he'll be confirmed. It is the forecast is that he's going to pass.
Okay, and if you know stuff about watch, it is said that he is pro-Bitcoin. So, we expect Bitcoin to go up in price at as the I wonder news is announced. And So, that is it. Now,
the second thing that maybe why the market is ranging to get a feedback from it um before it react is CPI. CPI is
um going to be announced tomorrow at 1 1:30 p.m. West African time. So, that is making the market um is really making the market to
to, you know, range at the moment. The other Fed chair that we've had for a long time, Paul Powell, will be will be going out on the 15th of May. Today is the 11th, so in the next um
4 days, he's going to be out, and then we'll watch is going to be in. Will there be changes um to the way things are running the Fed be. And this is going to determine a lot
with how the the market is going to really react to this. Okay, so we're going to start with the dollar index, and we'll go to EUR/USD, GBP/USD, AUD, then we'll now go
EUR/USD, GBP/USD, AUD, then we'll now go to Australia uh we'll now go to to Australia uh we'll now go to uh the gold trade I am in to see if uh the gold trade I am in to see if there are more entries we can take.
in this trade already, what can you do to get into the trade? we're going to start with our our normal tradition. Let me know where you are attending the live from. I am attending this live and I'm in this
from Lagos, Nigeria. I like to know where So, go to the comment section and tell me where you are attending the live from. And I see you rise without noise. Thank
And I see you rise without noise. Thank you very much. Of course, definitely we're going to check check out um gold today and yes,
the market is ranging in Forex just like I said. So, let me know where you are um um uh J Peters is in Makurdi.
Go to the comments. Let me know where you are attending the live you are attending the live from.
little lag from this my end. Rise without noise is attending from Dubai. From Abu Dhabi rather.
Uh I don't have Ademola is in Iseyin, Oyo State. is in Iseyin, Oyo State. South Africa, we have the
Uh man, your name is long. Um Defi Costa is in Enugu. And Ocean So, Sotsi is in South Africa.
We have Benjamin in Lagos. Anthony from Anambra state. So, welcome everybody to the to the show. Let's get started with
the first one we look at is obviously um um the dollar index. What is the direction?
that we did break structure here. We did change of character in this Even though it has a little body candle close, but it did close twice, one and two. Then, because of this break of structure
here, this is what confirms this as a change of character. So, what we expect is simply this. Uh since we have broken structure um we've changed character to the upside, we just simply expect a movement downwards than a movement
upwards. Okay? And currently, we have moved downwards. We are just currently in this region. And this is actually an I expect that we'll move that we'll move off from this region and start going
upwards. You know, we moved up, we came down and we attacked this again. Now, when I looked when I went down and looked at this particular level on the 4 hours, I saw that okay, we have a 4-hour
demand zone here. So, there is still a possibility that this chart Now, it may happen, it may not happen, Then maybe this is the level where I'm going to start going up from. Because if
you look if you look at the if I go and pull out my Fibonacci if I go and pull out my Fibonacci retracement tool from this point to this So, yes. This is actually
at this point is where we have the um the golden zone. So, the golden zone actually starts from here. Um here we have a very strong Uh here it is below the um midway line,
which is what the market generally retraced to. And but according to Fibonacci, we want this
a there's still possibility that we'll have this market go come down into this zone before we um move up. And looking at it, you see that we have
we just have this demand zone for our demand zone line here. So, this is demand zone line here. So, this is possibility, okay? But right now, if you look at this, the last low we had is this low here.
This is the last low we had here. And this pushed up. I don't want to look what this is. It might not show on other um sorry, I'm currently using the OANDA charts. It might not show up on maybe Forex charts
or um or or other low we have. This is the last high we have. And you can see that from this to here, the market simply has been ranging in
So, once I want to see a breakout where I was expecting Okay, as it's moved up, we retrace from here, I will go up, okay? But you can see from there, it came down again. So, we need to break out of this
region for trading to make sense for me since it didn't pick up from here and go higher. And what do I expect? I'm actually tending towards seeing this
take this movement downwards and from here we can go up. So, that is here we can go up. So, that is what I'm looking at on on um the dollar index. If if I want to go lower to see
trades on the lower time frame. So, this one hour time frame. I guess the possibility the same thing is happening here. This low we have this low here.
And we have this high here. And this should be the movement we And this should be the movement we expect to take this higher. But we are not seeing that move. That move didn't come.
What's wrong with my charts? That move didn't not come. Okay, rather we went this way and we now came down this way. It's kind of an internal internal break of structure, maybe a retracement. So,
of structure, maybe a retracement. So, we could see this go lower. I am For now, um I think I'll I'm just
like waiting to see what happens for the dollar index. Now, let's see how this pair. This is a good news that I drew out because this is EUR/USD right now on the one hour.
These are my areas of interest. One is I have this particular area. Um this zone here. Okay. Ever since we broke structure
here here um break of structure here
this way actually tapped into the golden zone that's 62 I said that on the dollar index it didn't tap into. And we had from there we've been having this
movement. We did demand zone fill here. We did a change of character somewhere here. And we came down. But from here we went up again with this change of character here. This
would have been a very good trade from here. We did that. Now, what I'm now looking at is that we have a 1-hour demand zone If I go on the 4-hour, just give me a minute. Let me go on the 4-hours. On the
4-hours it's not showing, but on the 1-hour we're having a 1-hour demand see I'm actually looking to see this come Then we can now move lower.
Just the way we have in the dollar index. I'm looking forward to us to come all the way lower. Then we can now move upward. So, the same thing is what I'm looking to see uh with the
with the um with EUR/USD. But as it's standing here, I don't think I want to take any trade until I just simply see what happens. This would have been a place I would have considered a trade because we're
coming from a demand zone. Okay. But it didn't tap into the golden but I I I obviously didn't take this trade because I didn't have I didn't see that confirmation entry in the lower time frame. If I don't see it then the
trade is not going to be taken. So, this is the moment I expect to happen, but I'm not making an entry until break through this and possibly this is a point where I will take an entry for this
>> [sighs and snorts] >> take an entry. Okay? >> take an entry. Okay? Now, the same thing happens for GBP/USD. For GBP/USD, um it's simply the same thing. Simply
the same thing. We are simply um this is the zone we are coming from. This is the high of that particular zone.
is not touched. I would have said that, but if you go down and take your Fibonacci and pull it from here to here, we actually did tap into the golden zone. So, this is confirmed. So, what
are the possibility? The possibility is that we go higher. We'll go higher to take out this zone. Maybe go higher to this zone. But, ultimately, I want to see a movement downwards from this
region. So, again, it is not clear on GBP/USD. I'm not taking any trade here yet. For this, this is a trade I will actually take, and this is on the in the Australian
dollar USD. Because we have a very clear break of here. Okay? Um even though all the charts are showing me that, okay, we are going
we are going bullish from we're going bullish like we see on the Euro and the GBP. If this eventually just comes down to this region, then I'm waiting for confirmation to
take it higher. I hope you guys watch my video that I made trading with the 1-hour time frame and 15 and 5 and the 5-minute time frame. That video you should go and watch it. This just that simply explains how I
take my entries. How entries are taken. So, this is Okay? So, that is that on the forest pair. I'm just more like waiting to see what happens. I'm going to be patient, take
my time, and see what happens. Now, for gold, like like I said, this is Now, for gold, like like I said, this is the trade I am in on gold. Um let me make this make sense from the
higher time frame. Let's start from the 4 hours. I have Some people may call this a break of a change of character, like this this
of a change of character, like this this here. People may call it that, but when I when I go on the on the daily time frame, I'm just seeing this as a liquidity sweep. As a matter of fact, on the weekly time
frame, I'm seeing it as a sweep. And I'm seeing this as a demand zone. So, gold might go higher. Gold might go higher. It's not clear on what if if I should call this a change of character or a liquidity sweep. This
is on the This is on the weekly time frame. So, this is a good upward movement and retracement into the zone. So, I see gold gold gold go higher.
But before then, there are trades that we can take internally. Okay? I was looking forward to gold coming into this zone here.
But it did not come into this zone. Um but one then happened, just look for break of structure, change of character. That is market structure. Then we had a change of character here, break of structure, break of structure. This low
this last low here led to this break of structure. So, when it's broken, it becomes change of character. And if you pull your character. And if you pull your Fibonacci from that zone, from this top
down to this particular point, you can see the golden zone is what I marked out And if you look at also this movement, if you look at also this movement, um from
that caused the change of character, that is from this bottom to this top, is also where we have the golden zone. So, most likely, very likely, we can see this market retrace all the way from here to this
region and maybe go up or go down. It doesn't matter. What matters is that this is where we are targeting. But in the meantime, what you want to target right now is just simply this region.
That is all. That is the region you want to really target. Or you can really target only this region. Okay? into this chart.
What informed this trade, I'm going to go to structure here, change of character here. This wasn't like a very significant entry. This wasn't a very significant
uh break because it's small compared to this one. So, what I did here was to enter half my position, half my position is what I entered here, okay? And I was waiting for this break
break, and this market seems to be retracing, what can be done is simply this. Two things. So, I'm going to just remove I'm going to move this to the side.
so, we can look at possible entries. um I think I'll have to wait for this candle to close because you want to see this start going up, okay?
this start going up, okay? Before you can it start moving up. This closes, you get the next one. But if you look at this, let's say it is it is it has closed and we're going up.
If you put my Fibonacci from here to this region of this forms the golden zone. Um, the whole of this.
okay? This now forms the golden zone.
this is where this got taken, so I can take it back. take it back. So, we clean our chart. So, this forms a zone called the golden zone, okay? Now, if you look at this, we have a gap
here. We have a gap in this region from here It's um yes, a gap, not really a fair Yeah. Yes, a gap. Market opening gap, okay? So, we have
Then, um we can now mark out this region here. This particular candle um the last candle before the gap.
what? This candle becomes the 1-hour supply frame. So, what do I expect? I expect to see that when we see this
price come all the way to this region, then I'm I'm going to start considering a second entry. matter of fact, I'm going to go ahead and put an alert here. So, I'm going to
and click uh create an alert so that when it becomes to this region, I'm alerted. So, if this comes to this region, then I now want to go down to the 5 minutes. Okay?
5 minutes. Once I get an alert when this region, I want to go to the 5 minutes and simply do this. Wait for this. Okay?
on the lower time frame, 5 minutes time frame. Change of character, 5 minutes time frame. Once that happen, you don't need to wait for a retracement. Mhm. All you All you All
you need to do is just to click on your short position to take it from that point, target the high, and you can now go ahead and target this low.
So, this I even give you a a much better risk reward if you look at it. So, this is a trade that I'm looking at on gold. If this is the only trade that will If this is the only trade that will happen,
So, if this is if this is the only trade that that I've taken this week on on on in in on gold, then we are actually good. We're actually good. If this is the only trade taken, and if this gives a
potential of this 9X, then it can be potentially a 9K on if you're trading with a very good reputable prop firm, can be a 9K reward from this particular trade. So, this is it. I'm currently in one where at the half
of my half of my position. If I get a replacement this way and then get a confirmation, then I'll enter the rest of my I'll enter the rest of this. Now, I want to
say one more thing before I leave, before we end this. So, why did I enter half of my position here? Because I'm just getting a four maximum four X. If I reduce this to here, it's
about a three X. Okay, one is this. One reason is this. One is that this change of character that we have here on the five minutes, if you compare to this brother
brother movement here, is not significant enough. Change of character is not significant enough. I'd even will have this come down this way and this goes over and this is more
significant. This is just shallow. So, which means that it can fail. And that is why I enter half of the position I entered here, because it can fail. Okay?
it has been broken now to make it more significant to take a trade. So, it can fail. At the same time, um
the position. Okay? So, now we've broken down here, position. Now, if this didn't happen and I end up missing this particular one, I am still good because I still got half of my position in. If If this didn't If
it didn't If this, for example, did not come down all the way, did not go all the way to go there. Just Let Just say it just started It just started uh moving downwards. Okay, then I'm still good because I
already have some of my position into this trade. So, this is the trade for this week on the traditional finance market. Um I'm I'm I'm interested in really seeing
what is going to happen with um crypto when the the Fed chair has been the new Fed chair now. Kevin Walsh has been
nominated. So, tomorrow the the same time tomorrow, 7:00 a.m., we'll look at the crypto market to see the possible entries and the market structure for crypto and where we can enter and exit the market. Do we have any question?
Yeah, so Rise with Rise without noise, uh you uh on point. I hope you guys enjoyed this. For let me just give an update on Copy Me. Copy Me,
it's we are starting beta testing this We are on um my developers are mostly ready just for me to go to the app store and place and
And and um and then we're good. We're good to start testing. We're rolling out We are rolling out crypto first.
other things are going to come into the app into the app later. So, have a very successful trading week, um guys. I'll see you. Have a very successful forex or traditional finance
And I will see you um tomorrow same time when we look at um tomorrow same time when we look at the crypto market. Bye everyone.