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XAUUSD 10/4/23 outlook Good morning gold gang! i thought id update you after the weekend off. Asian sells played out beautifully with a 100 plus pip move to the downside. Splendid!! For todays london and newyork sessions id have marked my areas of interest .. dxy still making its way up to a key level .. so we may see another short move on gold so i have marked the sells underneath the 4hr flip. My buy level i have moved down to 2002 as if dxy reacts from the key level .. price should create some more upside for us .. but in true tommy fashion .. we're ready for whatever. Its not good to marry a bias in gold as it can change so quickly .. thats why im a scalper and im damn good at it! Ill update you throughout the day .. stay frosty!! tommyXAU
OANDA:XAUUSD
by tommyXAU
4
XAUUSD I hit stop loss & Asian outlookGood evening Gold Gang! hope you are well. Another good day on the XAUUSD chart with good selling opportunities. One small 20 pip sell in London session and a much larger 100 pip sell in NY. Sadly, the NY trade i was stopped out by a couple pips before it rocketed down .. big sad! .. but we get over it. Analysis was on point and allot of you guys took the sells and profited .. so well done!! Onto tonights asian and pre London analysis .. ok so we have bearish structure forming nicely with moves to the downside towards 2002 level at market close. I would like to see a strong candle closure under that level to target the 1993 level marked on the chart. BE AWARE! that the 1998 price level is very strong .. so if you are in the sells .. be aware of that level and watch for reversals. If you prefer, you can wait for price to close below 1998 for extra confirmation. Buys are marked up above the messy range marked .. there is a very strong 4hr zone in there which i would like to see cleared before the buys can happen. NFP news tomorrow! so i would expect consolidation and god knows what to happen to price once the news is out .. so stay frosty!! quick scalps in and out do not hold at the news. no buy stops and sell stops either .. the brokers always win there with slippage. Have a good evening gold gang .. take care and ill catch you in the morning tommyXAU
OANDA:XAUUSD
by tommyXAU
9
XAUUSD How to define the trend (educational post) Good afternoon gold gang! i hope you are all well and enjoyed your bank holiday weekend. This weeks educational post is based on trends and how to define them. The example above is of an up trend. You can follow this example in a down trend situation also, just in reverse. Ok so what do i look for .. on the 4hr chart .. im looking for my key levels as always. When price breaks a key level .. it will come back to retest it .. in normal market conditions. When price comes back to test it .. i am looking for price to respect that level by the way of a wick, and a close above it (in this case) .. this is where i can say the market has made a higher low and then to push on up to retest the previous higher high. In a case of the trend braking .. a change in structure .. i would like to see price at least break the previous key level (one below it) and then i can say the trend has changed. You can also take a trade at these levels .. after the retest. Just wait for a candle close confirmation after the liquidation wick and target the high/low. I hope this was educational to you, its very basic but its nice to go back and drill them from time to time. Stay tuned for market open updates guys .. until then .. please like this post and follow along for more XAUUSD updates. tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
3
Gold Targets if the Fed Pauses Rate Hikes Gold has managed to surge its way to US$2,020/oz, taking full advantage of the renewed weakness in the dollar price and treasury yields. Recent data from the US showed a slowdown in the services sector growth, fewer private company job additions than expected in March, and a fall in factory orders for the second consecutive month. This suggests that the economy could be cooling down amid higher interest rates. As a result, the market anticipates that the Fed will keep the funds rate steady next month, following a similar path to the Reserve Bank of Australia which decided to pause its rate hikes this month. Investors have recently increased their bets that the Fed will opt for a pause in its rate hikes after its May 2-3 meeting to approximately 60%, up from around 43% the previous day. Gold is particularly sensitive to the rates outlook because lower interest rates reduce the opportunity cost of holding non-yielding gold. If the Fed does decide to pause rate hikes in May, how might we expect the price of gold to react? Markets see a ~60% probability that the Fed will pause. Target prices could include US$2,027, US$2,032, US$2,036, and US$2,040, with the first two being levels of recent struggle. If we want to look back to the last time that gold was this expensive (March 2022), we might like to consider a couple daily peaks at US$2,070 and US$2,060 as higher targets. The Fed decision is still quite some time away, so some downside risk is of course still present in the meantime.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD Caught the buys & Asian OutlookGood evening Gold Gang! hope you've had a great trading day once again, analysis was super accurate for the buys .. did i know it would rally so far? .. absolutely not. Thats why we take profits! if you missed out, there will always be another DO NOT FOMO Ok tonights asian and pre london, lets have a look. Price is obviously over extended after todays move .. so there has to be a pull back to collect more orders. Price failed to close above the top level for 7 hours, so this shows exhaustion for price to pull back. If we get more upside, wait for 30m close min and ride them up to the next level. I prefer the sells at this point. DXY also in a very strong reversal zone, so this could also be a sign for gold to come down a little. If you got value from this and all my analysis, please leave a like and a comment. I always reply. catch you tomorrow, happy trading tommyXAU
OANDA:XAUUSD
by tommyXAU
8
XAUUSD Huge buys wow! Asian outlook Good evening gold gang! hope you are well. A great day today on our favourite pair .. my forecast was bang on in the asian sells and london/ny buys .. congrats anyone who got in with me. Price is very bullish and the dxy pushing down so im expecting price to push up to the next key level IF the 4hr flips .. the flip is marked on the chart. It is a relatively small range to the next key level so use tight risk management. Safer buys above the 1993. As for sells .. id like to see some bearish candles form within asian for then to change bias .. so sells area is marked out on the chart. Lets hope for some nice volume again during the session .. thanks for all the new follows today! welcome to the gold gang! tommyXAU
OANDA:XAUUSD
by tommyXAU
13
XAUUSD Asian session pre London outlookGood evening gold gang!! hope you are well Ok today very boring day until london close where we saw the break out finally! .. price thrusted to the upside and buys became available as per my analysis. Price shot up very quickly and hit my target tp. If you were in this trade, congratulations! on to the asian and pre london session outlook .. ok price is now hovering around my key level marked on the chart .. i would be weating for a break above that key level and also a break above the marked problem area .. this is a 4hr and Daily zone that has created a reaction in the past .. so watch out. Above that is clean to rise up to the major price line marked in white. pull back sells are marked too if we get them .. use strong risk management as they are counter trend. other than that .. im hoping its a nice volume filled session for you catch you tomorrow .. please like and follow along for all xauusd updates tommyXAU
OANDA:XAUUSD
by tommyXAU
3
XAUUSD Asia / Pre London Outlook. Break the range! Good evening gold gang! .. hope you survived the range. Today was a very rangey day with price accumulating around my 1964 level. We managed a small sell in london and a small buy in NY today but nothing met full target. Thats where risk management comes in. So we have a range on our hands .. what does that mean? .. it has to break out. I have marked out the top and bottom of the range and i am prepared for either outcome. Again, strong 30m close required outside to gauge direction. Targets are also marked up .. just watch out for that top problem area as marked earlier. Have a great session guys, ill be back in the morning for the next outlook. PLEASE like and follow along for XAUUSD updates tommyXAU
OANDA:XAUUSD
by tommyXAU
2
Is There Still Hope for Gold to Reach $2,000?The price of gold hit a high of $1,971/oz before retreating and finding support above $1,960. Upbeat equities and higher Treasury yields make it difficult for XAU/USD to continue its recent rally. Fears of a wider banking contagion have also abated, hurting demand for safer assets. The market cheered First Citizens Bank’s agreement to buy all deposits and loans of the failed Silicon Valley Bank. The Federal Reserve's vice chair for supervision, Michael Barr, has suggested that SVB's troubles were due to "terrible" risk management, and that it could be an isolated case. Additionally, the DXY is trading at 102.60, up 0.20%, adding weight to gold, because markets still expect the Federal Reserve to raise interest rates by 25 basis points in May. The possibility of inflation being greater than the possibility of the banking crisis spreading further has led investors to price in about a 39% chance of a 25-basis-point hike in May. Despite this, gold is still set to see monthly gains of around 8%, and a bullish engulfing pattern is apparent on the monthly chart, which suggests a bullish short-term outlook. Investors are also looking towards the core Personal Consumption Expenditures (PCE) price index, which is expected at the end of the week, for more clues on the Fed's monetary tightening plans. If the core PCE print comes in below 4.5%, then the Fed will have to do less to hike rates, which should weaken the USD and allow gold to gain. In this instance, a target for buyers could be $1,900.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD NY session outlook (fakeout)What is good gold gang!! Asia provided not much volume but price moved down to my level and broke below giving us the sell opportunity. I personally jumped out at 18 pips as price was reacting to a zone to the left that could prove it to be a fakeout. This was correct and the fakeout buys became available after my trading hours .. beautiful break and close above the level. Clean. My buy and sells levels are still the same for this session .. new 4hr candle opens at 13.00 gmt lets see where that will drop us .. im looking for buys above the previous flip. A zone above the level is marked out as a problem area so watch out .. its 50 pips away from the level but could provide a strong reversal. All levels and targets are marked on the charts as usual . please like and follow along for constant xauusd updates tommy
OANDA:XAUUSD
by tommyXAU
4
XAUUSD Asian / pre London outlook good evening gold gang! .. hope you're well Another winning analysis day on the charts .. my entry got stopped out unfortunately due to a long liquidity wick. The candle flew up after but i was the liquidity in this case .. you cant win them all!! i just move on. Ok, so price is in a zone where its looking like its ready to break the 4hr highs and go for the previous day highs .. as ive marked on the charts as a problem area .. the range is big enough to trade just be aware it may reverse at that point .. so take profits. Sells are valid below the next zone .. the buys look more favourable. No trades zone is marked out so dont fall into the trap in there! gold gang is better than that catch you in london session .. have a good one guys tommyXAU
OANDA:XAUUSD
by tommyXAU
1
XAUUSD Asian session outlook, high risk buys?Good evening gold gang, hope you've had a good weekend OK market open, asian session outlook .. tricky one as the market is still very undecided. DXY bounced from a very important level which should indicate price to continue bullish as dollar is moving down. Previous daily candle is close to its own flipping point which would mean a nice selling opportunity too all marked on the charts. Ive marked on there a high risk buy opportunity .. its high risk as its in the middle of the range and can be prone to fakeouts .. so if you are in, use tight stops. A safer buy is from the top level to ride onto the 2000s Lets see if we get the 2000s and a strong close in that area at the end of the month. It will be very interesting if we do! .. someone say all time highs? see you in london session tommyXAU
OANDA:XAUUSD
by tommyXAU
2
XAUUSD My NY Trade ideaGood afternoon gold gang!! hope you are well price action has been a strange one this morning and last night in asian. Maybe gathering orders ready for the move above the 2000s? I am patiently waiting for the 2000s to break and strong close, to take buys. Sells are valid too but will need to be further down to confirm bearish trend. Good luck traders, you know were to find me if you have any questions. Please like and follow along for XAUUSD updates tommy
OANDA:XAUUSDLong
by tommyXAU
2
XAUUSD NY session buys? Good afternoon gold gang!! A great morning on gold with monster sells caught by the community. Nice! This session im expecting a pull back of sorts, so im hesitant to take the sells i have marked up. The target below is a very strong zone so the sells are very valid, but i may be sitting it out. Buys for me would be above the recent consolidation marked out .. id like a 15/30 close above it in peak volume to take it. If you have already made profits today, dont be greedy!!!!! or at least lower risk. Happy trading tommyXAU
OANDA:XAUUSD
by tommyXAU
5
XAUUSD Target destroyed. Good morning gold gang! hope you are well on this gloomy london morning. Asian session saw little volume not breaking any of my zones .. so for those watching last night, it must have been slow. Pre london saw a little false breakout of our zone before shooting up for buys. My entries are always on the break of the previous .. so no activation. I took a small buy on the fakeout but was out very quickly as these are not my favourite types of trade to take. I am constantly working on ways to make them easier for me to take. The sells came on the open and absolutely smashed through to the target area and booped it perfectly as usual. Congrats to anyone who took the trade on my analysis .. some serious pips there!! ill be back this afternoon for the NY outlook .. until then, go outside, take a walk or something. Trading is about freedom! dont be glued to the screens. Tommy
OANDA:XAUUSD
by tommyXAU
4