XAUUSD Outlook 24/3/23. Still no bearish confirmation!Good evening gold gang!! hope you had a good trading day with both buys and sells valid for entries. First the sells during asian session into london and then buys in NY with news. Congratulations anyone who grabbed these .. 200 pips on offer.
Ok current price .. Im still confirmed bearish until the lower level 1954 and 44 are broken and closed on the daily. We once again reacted today from the 1954 and price jumped up. DXY is creeping up but gold is lagging behind still collecting liquidity before its decent. In my opinion of course.
Buys are looking decent to target our old friend the 1993 key level other than some traffic half way through the range. I would be taking profits at this point if buys occur.
Sells a little easier to target the 54 once again should we get down there.
Good luck guys and hope asian provides again like last night.
Make sure you follow along for constant gold updates during the day so you are notified.
Drop a like too for your old mate tommy
T
Goldtrader
XAUUSD Outlook 23/5/23 Volatile TuesdayGood evening Gold Gang!! hope you've had a safe day in this horrible price action.
Lack of news and bank holiday in canada has left us with terrible volume with false breaks twice. Not ideal, or frequent, but correct risk management saved the day once again.
Tomorrow we have a fair few news items, so im expecting some VOLUME to return to the gold market. bring it on.
The current range needs to clear the blue box in order to reach sell zones. The box is there to show a very strong 4hr zone there that will take some breaking. Once broken, price should move down nicely.
Buys are same as today above this current range of crap.
As usual, ill be on during the day to update on price movements, so make sure you are following my page!
See you in the morning for london open, good luck anyone trading asian session as the volume hasnt been great in that session as of late.
Please like and boost this post if you found it helpful
tommyXAU
XAUUSD Outlook 22/5/23. Huge reaction from feb high!Good evening gold gang .. hope you have all had a nice relaxing weekend and are ready to rumble once again.
Gold reacted beautifully from the feb high level and shot back up. This reaction does not confirm the downtrend just yet as there was no close below the level discussed last week. Interesting!!
Dollar is still moving up but will require a small pullback at some point, so some short term bullish movements should happen on gold in the meantime.
For this reason im placing my buys above the much respected 93 level marked on the chart. Sells just below the recent traffic and should be nice to drop to fill the imbalance to the left hand side. There is a take profit area there on the sells where heavy traffic was in the past.
No news tomorrow so it might be a small volume day .. much like most mondays recently .. so exercise patience guys.
Other than that, have a nice rest of your day or evening and ill see you in the morning for the london open.
Please drop a like on your way out and make sure to follow along for constant XAUUSD updates
tommyXAU
Gold (XAUUSD): Your Trading Plan For Today🟡
Gold is currently testing a solid horizontal daily key level.
After it was reached, the price started to consolidate within a narrow horizontal range on 1H time frame.
To short with a confirmation, I would suggest waiting for a breakout of the support of the range.
An hourly candle close below will confirm the violation.
A bearish continuation will be expected to 1961 level then.
If the price sets a new higher high, the setup will become invalid.
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My A+ Trade Set Up when trading XAUUSD (Educational)Whats up gold gang! .. thought id drop in to show you how i enter my trades when they enter my zones. I set alerts here on trading view, then when price is approaching my zone, i get to the computer and lock in
Im looking for a clean break into the zone with a strong candle on the 15/30/1h
That candle must close
Next candle to open and do a small pull back to create a wick. This says to me no buying pressure is present.
Entry on the flip of the candle and break of previous candle
Target is placed.
Stop loss above previous candle high. Anything above that is invalid.
Of course i do things to manage risk and increase reward as the trade is moving, but they are personal to me. You will all have your own risk parameters im sure.
Thats it gang .. very simple, but as you can see .. very effective.
My zones work on any strategy, you could us smart money concepts, fibs, support resistance etc .. they will all work with my directional bias.
Hope this was helpful .. leave a like if it was and follow along for more XAUUSD updates
tommyXAU
Analysis of short-term entry trading points for gold next week1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it falls below, pay further attention to the lower low point around 1958-1960!
2. As a whole, gold will look at the pullback strength after the opening of the market next week to determine at what point it will start to stabilize and go long. On Monday, it is expected that the short-term fluctuations in the overall market will not be too large, so let’s first look at the first support near 1968-1974 Can it start to stabilize and rebound, and the layout of this point is long, the lower stop loss will be placed directly at the 1865 low, and once the market continues to decline again at the 1965 mark, then our next key support needs to look at the 1952-1957 low. Whether it has stabilized and rebounded again, and for this long order, first of all, it depends on the situation at the top of 1980! If you stand firm, look further at the 1984 high point to suppress the breakthrough!
3. If gold directly rebounds strongly again, the first and most important high-level suppression is the vicinity of the 1998-2007 mark. Once the gold continues to rebound and hits this high point, the suppression does not break, it means that the strength of the bulls has begun to weaken again, so we are in the middle and long term The key points for re-arrangement of empty orders, and for this mid-to-long-term empty order target, we will temporarily look at the low line of 1958-1952 below, and continue to break through the line of 1952, indicating that the bears have begun to exert their strength again, and we will further see 1945-1948 below Important position!
Investment is a long-term process, don't think about getting rich overnight. How can you invest without a good attitude and order planning?
Friends who are interested in investing in gold and crude oil but have no way to start, or are already in contact but the transaction is not ideal, you can contact me
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
Gold market forecast
At present, gold has been fluctuating around 1970-1975, so I judge that 1970 is a very stable support line.
Then friends who have already taken a profit in the previous trading signal can look for opportunities to go long again.
I will choose to go long as low as possible, probably around 1970-1972, and the target is near 1978-1980.
After reaching everyone's respective profit goals, please friends grasp the profit by themselves.
gold:buy@1975-1972 tp1980-1985
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
Gold continues to be empty
Continuous short selling, continuous profit.After the direction came out, he dared to enter.This time the gold price is the same as my judgment. The gold price will fall to 1970, and all the orders will be killed before the rise will be ushered in.
I judge that the ultimate goal of this wave of empty orders is to fall below 1970, because only in this way can all the bulls be turned over and the last line of defense of the bulls be broken.
Trading straregy:
gold: sell@1989 tp:1970
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD 18/5/23 Outlook. Dollar pumping!Good evening gold gang .. back again for the outlook for tomorrow!
Yet ANOTHER win for us today taking the sells in the sell zone and taking quick profits before price reversing .. all predicted in last nights outlook. Congrats anyone who got in with me.
Ok for tomorrows outlook, we have unemployment claims news in the NY session so im hoping for some nice volume around that. Dollar is currently pumping out of its downward channel .. so lets see what the news gives us, if its continuation, then gold will continue to drop down further. YAY!
People ask me all the time, Tommy, where is gold going to .. i always give the same answer .. i don't know, nobody knows and if they say they do, they are lying. Gold does what it wants, and any news in the world is enough to flip it on its axis. This is why i trade the sessions only and react to what price gives me. Im normally accurate to 100 pip trades, which i think is pretty good .. what do you guys think?
Buy zone above the 1993 key level again incase we get bad dollar news .. sells should be straight forward other than the area marked on the charts is a strong 4h zone and price could reverse .. its 40 pips in but again take profits and pay yourself first!
other than that .. thats it! thank you so much for the likes and follows as usual .. hope im providing decent content for you guys
see you in the morning for the london open
tommyXAU
Gold could reverse to the upsideIn my yesterday's comment, I said that Gold could drop further and test 1970's very important support.
Indeed, after an anemic rise above 1990, the price continued down and made a low at 1975.
With the long-term trend up and short-term trend down, XauUsd is pretty tricky at this moment.
However, considering the importance of the support zone, I favor gains from this point on and 2k resistance could represent the target.
A clear break under 1970 would put a pause to this scenario.
Gold (XAUUSD): Detailed Structure Analysis 🟡
Here are the key levels for you to watch on Gold.
Horizontal Key Levels
Resistance 1: 2000 - 2010 area
Resistance 2: 2034 - 2048 area
Resistance 3: 2064 - 2066 area
Support 1: 1968 - 1982 area
Support 2: 1944 - 1956 area
Support 3: 1934 - 1940 area
Vertical Key Levels
Vertical Resistance 1: Rising trend line
Consider these structures for pullback / breakout trading.
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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
Gold continues to be shorted
There is still a wave of falls in the gold price here, and it will fall to 1970 today.
Yesterday, I continued to short and made continuous profits. Now the key support level of 2000 has been broken, and it continues to be short below 2000. It is expected that 1995 will continue to enter the short order. I judge that the ultimate goal of this wave of short orders is to fall below 1970, because only in this way can all the bulls be turned over and their last line of defense be broken.
Trading straregy:
gold: sell@1995 tp:1970
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
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 trading signal: support around 2030 is important
Friends, we made some money again today, this week's goal is 300%, and it is expected to be completed tomorrow!
In today's gold trading, we carried out short trades at 2032, 2029, and 2025 respectively, and took profit around 2023, and then carried out long trades around 2024 and 2028, and took profit around 2036, making satisfactory profits from it .
In the next transaction, we need to pay attention to the support of the 2032-2026 range. If the support is effective, the market may break through 2040. If it falls below, we need to pay attention to the previous 2022-2018 range support. Transactions can be carried out with reference to these prices. If the market breaks through in one direction, we will adjust the trading strategy according to the changes.
Here to remind everyone that there will be EIA data tomorrow, which will have a great impact on oil and will bring very good trading opportunities. There will be ADP data on Thursday, which will mainly affect gold. We got very good results from last week's NFP data Profit, I believe we can grasp them very well this time and make satisfactory profits again!
XAUUSD 12/5/23 Outlook. Finally a breakout!What is up gold gang, hope you had a great day as i did catching some pips after some actual volume plays today. I know a few of you got in from the DM's i receive .. i always appreciate it
OK what have we got .. well price is very close to flipping the weekly candle after making a huge wick .. so sells below that. These can play out in asian session so stay frosty all you folks on the other sides of the world.
DXY rocketed up today causing gold to shoot down and by looking at the dxy chart .. looks like the trend change and break of consolidation could actually happen! This means some nice movement for us .. hopefully in the downward direction lol
Buys are just before the top of the range there which is plenty safe enough to avoid fakeouts .. but we never know until the sessions start .. so again .. stay frosty like the snowman. Use tight risk management.
Other than that .. should be a straight forward day tomorrow .. thirsty friday too so lets make the last day of the week the best day!
SMASH the boost button for me and follow along for xauusd updates on this post during the day
tommyXAU
11/5/23 Outlook. We grabbed the buys!Good evening Gold Gang! Another extremely odd day of price action for the yellow metal .. this range seems never ending. DXY in the same predicament floating around the key level not doing much of anything.
CPI news pumped us up 100 pips to come straight back down into the range .. we caught some buys though on the way with my updated charts .. if you want to see them make sure you like and follow to receive the updates!!
The daily candle has closed doji, so no clear direction for us. My buy and sell positions are still the same from Tuesday but the buys id like to wait for the 4hr equal highs are cleared (marked on the chart) ... 4hr highs are well respected and take volume to clear. PPI news tomorrow so hopefully clear this range for good!!
Thanks for all the new follows guys i appreciate you all and hope im helping you with you trading .. see you for london open.
tommyXAU
XAUUSD 10/5/23 Outlook. CPI Good evening gold gang!! another boring day today with very little volume and when it came .. price was very scatty. A trade became available to us in the buy zone way after hours and some of the gold gang took it .. it ran 50 pips in the end which is still a nice wedge.
Tomorrow we have a nice juicy news item by the way of CPI .. the market has been acting strange in the build up to this .. so this can mean we will get some actual direction for the first time in a while.
Again, i don't gamble .. i set my alerts in the key areas and wait patiently for the trades to come to me. One of the levels will get activated tomorrow but nobody knows for sure which one .. if you see anyone thats says they do .. check their hard drives
DXY doing much the same but still kind of in a downwards channel .. i cant see gold hitting all time highs unless there are real bad numbers tomorrow for dollar.
Imbalance filled from the big drop last week .. SMC guys will think this is a reversal now and if it is .. we can wait for the sell zones to play out.
My analysis caters for all strategies as ive pretty much tried them all .. so i know what you all think lol
Catch you tomorrow for the london session .. until then .. stay frosty
tommyXAU
XAUUSD 9/5/23 Outlook. No trade day.Good evening gold gang!! wow what a boring day lol
very little volume meant gold barely moved away from the 2022 key level and ranged. We had the bank holiday here in the UK but even in NY the volume just was not there. These days are perfect for the brokers as they love taking our money trying to catch moves and getting flipped on lol
i took one small position in sells but i was just lucky i was at the charts at the time the candle dropped really.
Onto tomorrow, well no news folders again leading to wednesdays CPI so lets hope there is some volume. The trade areas are the same as price never got there .. as usual im waiting for candle closures in them ranges before executing.
DXY no direction yet as it too ranged all day .. so it will literally be a suck it and see kind of day.
Good luck guys, catch you in the morning
tommyXAU
XAUUSD Outlook 8/5/23 Back in the rangeWhat is up gold gang, hope you are all well and ready for a new week!!
First off, tomorrow is a UK bank holiday, so volume in london may not be great .. so im expecting moves in NY however, no major news folders.
After the big break to the downside friday for NFP, price has typically come back up into the range once again .. its quite messy here with potential to fake out to fill the imbalance .. so im keeping my buys and sells out of there for the time being. I will update as necessary.
Its looking like a no trade day tomorrow already, but anything can happen with our beloved metal.
Happy hunting guys!! Ill be around at london open.
Feel free to DM me any questions you may have, im happy to help. Please like and follow along for daily XAUUSD trade ideas and updates
tommyXAU