GOLD (XAUUSD): Important Key Levels to Watch Next Week 🥇
Here is my latest structure analysis and important key levels to watch on Gold next week.
Support 1: 1843 - 1850 area (completion point of a smaller harmonic abcd pattern)
Support 2: 1805 - 1815 area (completion point of a bigger harmonic abcd pattern)
Resistance 1: 1884 - 1890 area
Resistance 2: 1900 - 1907 area
Consider these structures for pullback / breakout trading next week.
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Goldtrader
XAUUSD Trade ideas 29/9/23 algo level buys 📈good evening gold gang! wow another day of gold bleeding! we caught both sells and buys today in the new york session .. congrats if you got them with me!
Its the end of the month and quarter! .. this year is flying by. Gold is still dying and dxy is still pumping! Is there a bottom in sight? 1827 for gold is a clear bottom for the drop. Can CPI news tomorrow do it? what an end to the month that would be lol
As i stated this morning, price consolidated trapping buyers and they were manipulated in the news to continue the trend back down another near 200 pips! ... we managed to scalp a couple trades in that range before catching the bounce of the big move .. splendid!
Im expecting more downside .. so im selling from the box on the chart if we get confirmation .. theres also a risky buy zone there if you feel up to it
im looking forward to another month end with you guys .. ive been writing these outlooks for a year now! and i never miss a day .. i hope you enjoy them as much as i enjoy writing them
follow along for constant updates
catch you in london!
tommyXAU
GOLD (XAUUSD): The Fall Will Continue?! 🥇
Have you seen yesterday's bearish movement on Gold?!
That was crazy. With just one single high momentum bearish candle
the price violated 1885 support easily and closed below that.
The next key support is 1856 - 1860 area now.
It will most likely be the next goal for the sellers.
Also, note that the market is heavily oversold now and it may pullback.
Look for an occasional retest of the underlined 2 horizontal resistances for catching a trend following movement.
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XAUUSD Trade ideas 28/9/23 WTF is happening to goldGood evening gold gang! wow lol .. can you believe the sell off! Im used to seeing big moves but for gold to sell off like this with zero pull back at all is crazy! .. DXY is seriously pumping right now
We are approaching a very important level in my algo strategy now, so we may see a bounce, but im very aware that it can just be met with more bearish force .. so im very careful
The problem with the sells is getting in .. there has only been a couple entry opportunities for sells for me and ive missed them both waiting for pull backs, that never came
We are still profitable this week but no big moves caught im afraid
tomorrows price action is bearish on all time frames .. either an algo bounce for scalp buys or im awaiting price to come up to a level to sell again ... the price action is very clean to the left, so price can fall even harder if it needs to .. so im keeping my eye out for that
Lets see tomorrow as we have unemployment news coming out too .. lets finish the week strong with a nice big win
follow along and like for constant updates
catch you in london
tommy
XAUUSD Trade Ideas 27/9/23 Will it ever stop? 📉Good evening gold gang!! sheesh what a day for gold! just bleeding out at this point. We caught good buys in the morning but was caught on the wrong side in NY expecting to pull back when it fell for the 3rd time!
When will it stop?!
Ok so we NEED to pull back in order to continue selling off .. the 1910 area on the chart is a great place to sell from .. so price could make its way back up there before dropping off once again
the Strong daily level marked on the charts is a great bounce point and i will consider buys from there up to the 1910
sells below that level to the algo level are valid too but im very aware of this pull back.
Its a pretty dry news day too so that might go in the buys favour
Other than that .. lets have an amazing day gang!
Follow along for the updates and like this post for me to spread the word of the gold gang!
catch you in london
tommyXAU
XAUUSD Trade Ideas 26/9/23 I Missed the huge sells good evening gold gang!! Hope you all had a great day and learned a thing or 2 on the gold chart with me.
Unfortunately, the sells were missed by myself as i couldnt quite get the entry i was looking for .. however .. the analysis was spot on. To the tee! .. HTF direction followed and price stopped just before the algo level. Well done if you got in
Still bearish on the higher time frame overall .. DXY pumping away also .. so moving into the next session it will most likely make its way up for some liquidity, so ive marked on there reversals from the algo.
coming into london and NY im expecting price to continue the trend down so i will be looking for sells around the top box marked on the charts or even continuation sells below once the daily zone is cleared.
I just want to say i had a comment today saying my "retail" strategy is wrong and this person will be countering my trades as he is an institutional trader ... let me say something quick to everyone
WE ARE ALL RETAIL TRADERS ... just because you watched one ICT video where he says anyone other than him is retail aka not as good as him. There are hundreds of different strategies out there and we all lead to the same point .. right or wrong.
The strategies arnt better or worse than eachothers .. its the individual trader that makes the decision at the end of the day. Please dont fall into the marketing politics in this industry .. just trade and manage risk well. Thats all it takes
with that being said ..
follow me! im a real guy from england with real experiences to share
catch you in london
tommy XAU
GOLD (XAUUSD): Important Key Levels to Watch 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 1946 - 1953 area
Resistance 2: 1965 - 1972 area
Support 1: 1900 - 1908 area
Support 2: 1884 - 1889 area
Consider these structures for pullback / breakout trading.
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GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
Gold is currently testing a solid 4h structure resistance.
Analyzing the reaction of the price to that, I spotted a cute double top on that
on an hourly time frame.
To sell the market with a confirmation, wait for a breakout of a neckline of the pattern.
Hourly candle close below 1924 will confirm the violation,
a bearish continuation will be expected to 1916 support then.
Alternatively, a bullish breakout of a current resistance will invalide the setup.
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XAUUSD Trade Ideas 25/9/23 Bearish HTF Good evening gold gang!! are we ready to destroy the gold markets once again this week?
Starting off with a no news monday .. which has worked in our favour for the last few mondays with nice reversal moves caught in the NY session
The algo level 1924.28 is very busy with price resting on it for like 10 hours or so .. my higher time frame bias is still bearish with DXY pumping upwards .. so i will need a strong break below to confirm the bears are in
Id like price to make a move upwards to the the 1930 area to collect liquidity before then making the move down in NY session tomorrow .. and strong closures on the 4h above there will confirm bullish bias for the week
remember guys my algo levels are like magnets! so use them as TP areas and reversal points
follow me for updates during the day .. its gonna be a good week i can feel it!
catch you in london
tommy
XAUUSD Outlook 22/9/23 Sells in NY? Whats up gold gang!! what a day yesterday catching alll the sells and the buys too lol .. lets get it today too
quick one for NY session outlook .. we have PMI news later in the session which should get us the volume needed.
Im still bearish on the HTF so im wanting the sells below the level shown .. strong close and a wick to confirm
the zone in the white above the zone were in currently id like to be tested before sells .. some great liquidity there
im active on socials during the session so lets do it together live!
have a great session gang lets top off a great week!!
your mate tommy
XAUUSD Outlook 21/9/23 Huge FOMC win 📉Good evening gold gang! .. wow what a great day! .. small scalps in NY and huge sells for FOMC. congrats if you followed along and took the same trades
DXY has come up and cleared all ranges now and left a double top thats ready to be raided .. so this could have been the top for gold as it we make our way down following the HTF trend
Buys, sells and reversals on the chart ready for you to copy on to yours ... wherever we get to tomorrow, ill be waiting!
follow along!! you wont regret it .. im a real trader from the uk trying to help others as i go along .. not some weird bot looking to sell signals.
catch you in london!!
tommyXAU
GOLD (XAUUSD): Important Key Levels to Watch Ahead of FED 🥇
Here is my latest structure analysis for Gold ahead of FOMC.
Structure Resistances
Horizontal Supply Zone 1: Contracting area based on a falling trend line
and a horizontal resistance.
Horizontal Resistance 1: 1946 - 1952 area
Horizontal Resistance 2: 1965 - 1972 area
Structure Supports
Horizontal Support 1: 1901 - 1908 area
Horizontal Support 2: 1884 - 1889 area
Consider these structure for pullback/breakout trading.
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XAUUSD Outlook 18/9/23 reversals incoming Whats up gold gang! Im back from my trip to Prague .. what a beautiful city!!
Quick one for you i know you've been waiting!!
Im bullish on the day currently as price is moving slowly due to fomc week and no news today
Price has reacted nicely from the level there and is moving up to fill the range.
Im still bearish on the HTF (structure is still in place with higher lows lower lows) so im looking for price to move up here before selling off at the reversal area marked on the chart
OHLC methodology
alternatively .. a strong close and retest will be nice sells there to fill the range
Looking forward to getting back into it gang .. lets go!!
follow along if you're not already .. its gonna be a great week
your mate Tommy XAU
GOLD (XAUUSD): Important Resistance Ahead! 🥇
Gold suddenly bounced on Friday.
The market closed, approaching a significant zone of supply.
The underlined blue area on the chart is based on a falling trend line
and a horizontal resistance.
From that zone, a bearish movement will be expected at least to 1908 support.
Alternatively, a bullish breakout of the underlined zone may trigger a strong bullish wave.
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XAUUSD Outlook 14/9/23 Short term buys good morning gold gang! i fell asleep and forgot to do the outlook hah sorry. Here it is.
Ill make it quick for you all
DXY still has that pesky gap and im thinking it will be filled during cpi this afternoon. Which will keep gold bearish as per the HTF
In the meantime id like to see buys up to the level on the chart to rebalance before coming back down. A close above the level would indicate a nice 20/30 scalp there and a great entry for shorts at that white box
lets see what we get during london and the news session
have a great day!
catch you .. right now lol
tommy
XAUUSD Outlook 12/9/23 How to scalp 🎯Good evening gold gang! hope you are all well and survived a pretty boring day in the no news markets!
Asian session saw the most volume pushing to the upside before crawling back down in london and NY
I could only trade London session today as i had a little problem with my passport that had to be resolved before a trip away this week .. so panic was on the menu!
First i saw price closed above my level, which would normally indicate a buy, however we were reacting from a clear zone to the left in line with the bearish bias .. so i advised the gang to wait on the buys and hit the sells
sure enough the sells came and bagged an easy 20 pips and proceeded to hang around the level for the rest of the no news day .. amazing work
Thats how easy it is to make 20 pips per day guys .. dont let social media fool you into thinking 1:40 RR trades ( i hate the term RR .. its irrelevant .. break your trade even .. then what is the RR? ) .. you can make a living 10/20/30 pips a day with little stress and be in and out of a trade in minutes ... its possible guys im living proof
as for tomorrow .. still bearish overall again looking at taking sells during london or ny sessions .. buy sells and reversals on the charts ready for you to copy
its another no news day so lets see what we get and be very selective! stay frosty
catch you in london
your mate tommy
GOLD (XAUUSD): Detailed Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Key Levels
Resistance 1: 1942 - 1953 area
Resistance 2: 1965 - 1972 area
Resistance 3: 1978 - 1987 area
Support 1: 1884 - 1889 area
Vertical Key Levels
Vertical Resistance 1: Falling trend line
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️