CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 53% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies


Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.


Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1


United Kingdom

Negative Balance Protection


Back to Blog

Trading Short on Gold (XAUUSD). Trading Long on GBPUSD. Webinar Tonight!


Hey Valutraders!  Will the bull run on GBP continue?

Subscribe to Free Valutrades Signals at

I’m Brad Alexander and in this week’s Market Blast Technicals let’s take a look at Gold (XAUUSD), the USD Index,  Brent Crude (UK Oil), GBPCAD, and GBPUSD.


Yesterday we looked at the strength of GBP and we see that there has been a pullback on almost every pair.Screenshot 2022-11-29 at 17.51.48

Price action on GBPUSD has hit this lower trend line but be aware of a few things.Screenshot 2022-11-29 at 17.52.07

Andrew Bailey will be speaking today, on the economy; the Stochastic Oscillator looks a bit confused, and price action seems to be forming a rising wedge.Screenshot 2022-11-29 at 17.52.13

We suggested waiting for a pullback on GBPCAD before going long.

We have that, and the stochastic oscillator is quite oversold.

However, as we all know, CAD is affected by the price of Crude.Screenshot 2022-11-29 at 17.52.25

Price action on Brent Crude filled yesterday’s gap and has hit this upper trend line.

The stochastic oscillator is almost overbought but there is a fundamental story of which to be aware.

The European Union has failed to agree on a price cap for Crude Oil purchases from Russia which has seen the price go higher.

We promised to look at the USD Index and we see price action hitting this upper trend line and the stochastic oscillator looking overbought and turning over.Screenshot 2022-11-29 at 17.52.42

However, we also see a falling wedge so we will keep an eye on this.Screenshot 2022-11-29 at 17.52.54

We see a few bearish signs on Gold in the Parabolic SAR and the MACD signal line emerging from the histogram.

The stochastic oscillator is turning from overbought very early which is also a bearish sign.

And, finally, don’t forget to register for tonight’s webinar on Quantitative Easing and how to use it in trading.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.29 November 2022 Technicals EN TN



The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.