XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Goldstrategy
GOLD (XAUUSD): Bearish Wave Continues 🥇
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your bearish confirmation will be a bearish breakout of the support of the range
- a 4h candle close below 1914.
A further bearish continuation at least to 1907 level will be expected then.
Alternatively, a bullish breakout of the range may initiate a correctional movement.
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GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
GOLD perfectly respected a contracting supply zone on a daily time frame,
based on a major falling trend line and a horizontal resistance.
Next week, pay attention to a double top pattern on a 4H time frame.
If the price breaks and closes below 1934 - the neckline of the pattern,
a bearish continuation will be expected at least to 1926.
Because the market is trading in a bearish trend since May,
I remain very bearish biased.
However, a bullish breakout of the underlined blue are may trigger a strong bullish wave.
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GOLD (XAUUSD): Detailed Structure Analysis 🥇
Here is my detailed structure analysis and key levels for Gold.
Resistance 1: 1924 - 1934 area
Resistance 2: 1942 - 1947 area
Resistance 3: 1965 - 1972 area
Resistance 4: 1978 - 1987 area
Support 1: 1884 - 1889 area
Consider these structures for pullback/breakout trading next week.
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GoldViewFX - MARKET UPDATEHey Everyone,
Quick update before FOMC minutes release.
We had a test earlier to 1902 with ema5 failing to cross and lock giving us the bounce we suggested. We are now seeing another test but this time ema5 locked below 1902 opening the full swing range.
We need to now keep in mind 1895 and 1884 for potential tests and include them in our plans. We expect reaction on these levels for bounces inline with our plans to buy dips
We will continue to use these weighted support levels to catch bounces until we fall back into the long term trend.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD (XAUUSD): Your Plan For FED RATE DECISION 🥇
Next week, on Wednesday, we are expecting FED Interest Rate Decision.
Here are potential scenarios for Gold:
Bullish
If the price breaks and closes above 1987 daily resistance,
it will be a strong bullish signal.
A bullish continuation will be expected at least to 2000 level then.
Bearish
If the price breaks and closes below 1960 support,
it will lead to a further bearish continuation.
Next goal will be 1940
Wait for a breakout, that will be your best confirmation.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
MID TERM - LONG UPTRENDGold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically:
Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold.
Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate trading in decentralized exchanges or other financial platforms. These pools contribute to market liquidity, allowing for efficient trading and price discovery.
Resistance at $1960: If there is a significant liquidity pool near the $1960 resistance level, it can impact market dynamics. A well-capitalized liquidity pool can attract sellers as the price approaches the resistance, potentially leading to increased selling pressure and a retest of the resistance.
Retracement to $1885: Liquidity pools can also influence price retracements by providing liquidity and support levels in the market.
Retracement to $1885: If there is a substantial liquidity pool or a cluster of buy orders near the $1885 level, it can act as a support zone. Traders may anticipate buyers stepping in to take advantage of the liquidity provided by the pool, potentially leading to a retracement in price toward the $1885 level.
Considering the presence of liquidity pools near resistance and support levels, traders who predict a retest of the $1960 resistance level and a subsequent retracement to $1885 may base their thesis on the potential impact of liquidity pools on market behavior.
Please note that market conditions can change rapidly, and various factors can influence gold prices. It's essential to conduct thorough research, monitor market trends, and use appropriate risk management techniques when making trading decisions.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
What to Expect From Gold on Monday? 🟡
Gold is trading in a wide horizontal trading range on 4H time frame.
After the test of the upper boundary of the range, the market dropped sharply
following the NFP release.
I believe that the market will most likely keep falling to the support of the range.
Next goal for sellers - 1939.
Consider an occasional pullback for safe entries.
❤️Please, support my work with like, thank you!❤️
XAUUSD Outlook 29/5/23. Dxy bullish 📈Good morning Gold Gang! hope you are well on this surprise outlook for bank holiday here in the UK and memorial day over in the US.
I honestly thought the market was closed .. ah well here we are
Im not expecting much volume today at all .. so the levels are there really to roll over to tomorrow. Sell zone is a nice clean range for it to move down .. dxy is still bullish respecting my levels so we can expect more downside for gold.
Buy zones kind of messy there with a few wicks and that fakeout from last week .. range above is cleaner but we will need some strong news to get up there i think.
Other than that, relax guys take the day off as i think it will be quite boring and dangerous taking moves with little volume.
catch you tonight for the tomorrows outlook where we will be back to normal (thank god!)
Please support me by hitting the like button and following along for constant XAUUSD updates during the day.
tommyXAU
XAUUSD Outlook 25/3/23. The bears are getting closerGood evening gold gang! Wow a day of buys and sells today in my zones. Perfection.
A nice move up in london and a huge rejection from the level causing massive sells to play out. Amazing price action and levels respected as always.
Ok onto tomorrows outlook .. The sells are in a great spot under the wicks that have failed to close for a week now .. a nice 1hr plus close in that zone can mean us moving down and a close below the target looks like a nice long/mid term down trend. Lovely jubbly!!
Buys are up out of the way as they are counter trend, but we cant write them off completely .. so stay frosty.
A quick note about entering using my bank levels, what ever strategy you use be it smart money concepts, ict, fibs, ema cross, trendlines .. whatever .. use my analysis to gauge your direction and enter as you will. All i need is a close in the zone and that is the direction for at least the next 100 pips. Use the levels guys, thats what they are there for and as youll see looking back, they are highly accurate.
nice juicy red news folder in NY too so that should give us some movement. Looking forward to it already.
Thank you for 900 followers!! thats amazing. Hope im being of service to you guys with my unconventional strategy lol
please like and follow for constant updates on gold
tommyXAU
GOLD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD 19/5/23 Outlook. 1944 level is critical!Good evening gold gang, hope you are all well and had another monster trading day with not one but two targets smashed to pieces. 200 pips potential on the table.
Ok price is approaching a very critical level of 1944 .. that was the feb 2023 high and is a huge level in history .. if price was to react from this and move back up, we could see another run on ATH (all time high) but we would need some world bad news there for that final push. Gold has been on an uptrend all year .. and a break below the 1944 can mean we see it create a nice long term down trend once again with dollar pushing up.
Either way, we are ready for buys or sells each day as always.
Buys are counter trend and placed above a potential pull back fakeout .. so they are straight forward. Sells has another pesky zone in the middle that can cause reaction just as todays did .. so stay frosty and use tight risk management.
Lets see what tomorrow brings, the last few fridays has given us some amazing volume to work with, and with a let speech by powell, it might be we wait all day for it .. but it will be worth it.
Have a good rest of your day/evening .. see you in the morning for the open
tommyXAU
XAUUSD 17/5/23 Outlook. We caught the sells!Good evening gold gang its that time again!
A great day today catching the sells for 100 pips in the NY session, great execution on the 30m close inside the zone and ran perfectly to target. Gold has now closed in the 1980s, what i said in the sunday night outlook.
Ok on to tomorrows outlook .. a large drop today will require a pull back of some sort .. we are hovering the 1993 key level once again so id like to see that respected to move down but if not .. we could come up higher to the buy zone. The reason for it being high is to avoid fakeouts.
The sells are tricky as the zone to the left is very messy with 4h wicks all over it .. remember to use tight risk management in the sell zone to avoid getting spiked out.
No major news tomorrow so we could potentially see a low volume day, but the trade today is more than enough for the week (as long as you can keep it lol)
Well done to everyone who caught the sells today, follow me for constant updates on my trades.
smash the boost button and ill catch you tomorrow morning in the london session
tommyXAU
XAUUSD 16/5/23 Outlook. Avoid the rangeGood evening Gold Gang .. hope you are well rested after a day of absolutely nothing lol .. lets see what tomorrow has for us
The last few mondays have seen very slow price action and today was no different. News sent us up to the buy level for us to respect it and bounce back away from it .. so a no trade day today. A no trade day is a win because we follow the rules.
DXY has broken and retested a key level, so price should move up from here but we have a red folder tomorrow .. so lets see what we get.
The price levels remain the same for tomorrows session as they were not entered today .. The beauty about my strategy is i just set alarms around the key levels and go about my day .. so chart time is a minimum .. what do we trade for if not freedom hey?
Have a nice evening gold gang .. ill be updating as we go along tomorrow so please make sure you follow me to receive those updates.
Smash the boost button and ill see you tomorrow for the london open
TommyXAU
GOLD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Possible drop to daily 20EMAInstrument : GOLD
Possible direction : Bearish
Technical Analysis : From daily timeframe price has formed daily doji which has formed after multiple liquidity grab from both support and resistance.
We see a clear head & shoulder on the 1h chart that has led gold to breakdwon from the trend line and may lead the price to daily 20EMA.
On the retest of the hourly trend line a sell trade is high probable for short term.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
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