IM BACK!! and ready to dominate. Look at this! Good morning gold gang! i am back from a briliant vaction travelling around thailand experiencing new sights, food and booze of course!!
I did a little analysis for the gang yesterday that ended in a loss as i totally forgot it was fomc (jet lag) but the analysis was correct and people made money, so thats all i care about
today we have a no bottom wick situation on the daily and 4h .. what does this mean? .. means it will likely make one .. so im expecting price to come down today at some point
check the algo levels on the charts and watch for the 15> closures to take sells
lets have a great rest of the week .. im looking forward to a year of hard work now with you guys
hit follow if you're with me
tommy!
Goldtrader
GOLD (XAUUSD): Fed Rate Ahead! Your Plan:
Do not forget that today we are expecting FED interest rate decision and press conference.
Gold will most likely react strongly to this news.
Here are the potential scenarios.
Bullish
The market formed an ascending triangle formation on a daily,
it is currently testing its neckline.
If the price breaks and closes above that, it will be a strong
bullish signal that will push the prices at least to 2054 level.
Bearish
There is a strong rising trend line that the price is currently respecting.
Its bearish violation and a daily candle close below will be
a strong bearish signal.
The market may drop then all the way down 1978 level.
Wait for the news release and then wait for a breakout, it will give you a strong confirmation.
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GOLD (XAUUSD): Detailed Technical Outlook 🥇
Gold is trading in a minor bearish trend on a daily.
Lower highs are perfectly respecting a falling trend line.
After the last test of that, the market started to consolidate on a 4H time frame
within a horizontal range.
Bearish breakout of the support of the range is an important sign of strength of the sellers.
We can anticipate a further decline next week.
First goal will be a current local low - 2006.
If the price violates that, we can expect a movement lower at least to 1990 level then.
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GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures
Resistance 1: 2054 - 2064 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1964 - 1980 area
Support 2: 1931 - 1938 area
Vertical Structures
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading.
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GOLD (XAUUSD): Bearish Outlook For Next Week Explained 🥇
Gold was very bearish this week and the price managed to set a new local
lower low lower close, violating a solid rising trend line.
Even though the market closed recovering, I remain bearish biased.
I do believe that the fall will continue next week.
Next support - 1980
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GOLD (XAUUSD): Important Breakout 🥇
The yesterday's retail sales data turned out to be very bearish for Gold.
The price violated both a solid rising trend line and a key horizontal support on a daily.
The broken structures compose a supply zone now.
We can anticipate a further bearish continuation.
Next support - 1979
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XAUUSD Beautiful bullish price action 🔥Good evening gold gang! hope you are all well and grabbed the winners with me on this super slow day due to the bank holiday in the US
Price is making beautiful bullish price action confirming my target for 2069 this week but as we know ... alllll could change at any point hah
I believe we will need to pop down for some liquidity before we come up .. so ill be looking at shorts below the 2050 if we get a 1h close candle
algo bounces in play other than the buys in the range ... let the candles play out and lets re assess in the morning for the bounces
This will be my LAST outlook for 2 weeks as im going on holiday and will have hardly any internet. I will be posting my algos and brief thoughts though so make sure you follow along and dont miss them .. im looking forward to a break from the charts and to spend some of my hard earned money from the gold markets
catch you in london!!
your mate tommy
GOLD (XAUUSD): Time to Grow?! 🥇
I see multiple strong bullish signals on Gold after a test
of a key daily horizontal support.
The price violated and closed above a resistance line of a falling wedge pattern.
The market also formed an inside bar formation, the range of the mother's bar
was violated as well.
These 2 bullish confirmation indicate a highly probable bullish continuation.
Next resistance - 2076
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GOLD (XAUUSD): Your Trading Plan For Next Week Explained 🥇
After setting a local higher high, Gold retraced.
It is currently testing a wide horizontal demand area on a daily.
To buy the market with a confirmation,
watch a bullish flag pattern on a 4H.
Bullish breakout of its upper boundary will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 2075 then.
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XAUUSD Back to winning ways!! 📈Whats up gold gang! back to the winners circle with the 1 shot sell today! congrats if you got in
Price is still undecided stuck in the range! .. it attempted a breakout today and shot up to my sell zone where we took them down back into the range. It then broke to the downside and came back up to the range once again!!
Some accounts will be blown here as traders get frustrated! dont be that guy and stay calm
Im looking for clear structure to be formed now with proper breaks .. hopefully tomorrow can be the day .. so lets stay frosty.
Copy the information on to your charts guys ..
catch you in london
tommy
GOLD (XAUUSD): Detailed Structure Analysis 🥇
Here is my latest structure analysis and key levels for Gold.
Horizontal Key Levels
Support 1: 2015 - 2019 area
Support 2: 1973 - 1979 area
Support 3: 1931 - 1938 area
Resistance 1: 2077 - 2088 area
Resistance 2: 2143 - 2148 area
Vertical Structures
Vertical Support 1: Falling trend line
Vertical Resistance 1: Falling trend line
The market is currently approaching a Support 1.
2 trend lines compose a bullish flag formation.
We stick to the plan that I shared earlier on Sunday.
We are looking for a bullish breakout of the Vertical Resistance 1 to buy.
Alternatively, a bearish breakout of Support 1 will be give as a strong bearish signal.
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XAUUSD Start the new year with a bang! WHAT IS UP GOLD GANG! long time no speak .. we are back with a new year and ready to spring into action
Id like to see gold move up in the asian session to the algo 2069 .. grab liquidity and then take sells down from there
bearish order flow is in charge currently and the EF you see at the top means engulfing fail which is a great indication to come down
4h close below algo 2060 would be another great indicator to sell
buys only above the EF zone so for now ill be focussing on coming down
are we ready for the new year?! .. drop me a comment below and let me see who we have that follows along!
follow, like and boost .. catch you in london
tommyXAU
XAUUSD 2069 algo level to be hit today whats up gang!! last day of the trading year for me .. and im coming in with a bold statement!
i believe the algo level 2069.83 gets tapped today ... its a major level for institutions and i think they gonna be selling into the new year from there.
Nice strong move up in asian session .. the one i was looking for all day yesterday .. and now sat at the algo waiting for the next move
Lets see if im right!!
Ive had a great year gang i hope you have too .. Chatting to you on here and providing my analysis has been an honour and im so glad im impacting lives across the world
lets repeat in 2024!!
Have a great festive period if you celebrate and be with your families!
catch you in ... 2024!
tommy
XAUUSD We did it again!! the best analysis good evening gold gang!! hope you are ok and survived this boring day of little volume.
Analysis was spot on again with the move up in asian .. catching the trade in pre london and also bounce sells coming later on in the day ... amazing!
lets stay out of the current range as its super low volume .. i want to see a close above the impulsive move to take buys up .. i drew on what id like to see
sells down below the algo 2021 as it is counter trend
Anything else would be subjective and id need to see the candles moving .. so lets see come london
the road to 3k followers is on!! lemme get there before new year im only a few away!
catch you in london
tommy
GOLD (XAUUSD): Intraday Technical Outlook 🥇
After a confirmed breakout of an intraday horizontal demand cluster,
Gold started to recover steadily within an expanding wedge pattern.
We saw a strong rejection from the broken area.
Our next bearish signal will be a bearish breakout of the support of the wedge
with a 4H candle close below that.
It will push the market at least 2010 level.
If you haven't shorted yet, patiently wait for a breakout.
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GOLD (XAUUSD): Bearish Outlook Explained 🏅
Gold nicely respected a horizontal daily supply area.
The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.
I believe that the price may drop lower next week.
Next supports: 2010 / 2000
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XAUUSD New week! new opportunities good evening gold gang!! its that time again where we navigate these gold markets on the run up to christmas
So on the higher time frame we got price respecting bullish price action .. so ill be looking for buying opportunities this week for sure
Cant ignore the huge imbalance left from nfp but in the short term .. i would like to see price come up to grab liquidity from the recent structure
a break and retest of the 2021 algo should be enough to take buys
If it comes down in asian .. 2012 buys are on the table too
other than that .. we need to see some price play out .. so ill be ready at the laptop tomorrow awaiting confirmations
follow along so you dont miss the updates
catch you in london
tommyXAU
GOLD (XAUUSD): 2 Scenarios Explained 🥇
US fundamentals are coming in 30 minutes.
Here are the potential scenarios for Gold.
Bullish Scenario
The market is currently testing 2041 resistance.
If the market breaks and closes above that
a bullish continuation will be expected at least to 2070.
Bearish Scenario
Gold is currently consolidating within a narrow
horizontal range on an hourly time frame.
If the price breaks and closes below its support - 2029,
a bearish movement will be anticipated at least to 2015.
Wait for a breakout and then follow the market.
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XAUUSD 400 pip expansion!! wow jeeees guys what a move up .. thats crazy! .. and blown my bearish bias out of the window!
as a pro trader .. i will adapt! its ok to be wrong! .. so what do we have ..
We are approaching a strong daily zone here for a reaction .. so im thinking we hit that in asian session .. but where do we go? .. all the way back? theres not that many reaction zones there on the way down.
The zone will have to break and close in order to take buys .. so lets see what asian brings
super quick analysis today gang theres only 1 decent zone to trade from .. so lets let the trade come to us ey
follow along! lets do it as a team
catch you in london
tommy