GOLD (XAUUSD): Important Key Levels to Trade Next Week 🥇
Here is my latest structure analysis and important key levels
to watch on Gold next week.
Resistance 1: 1965 - 1973 area
Resistance 2: 1977 - 1985 area
Support 1: 1925 - 1937 area
Support 2: 1892 - 1907 area
Consider these structures for pullback/breakout trading next week.
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Goldtrader
XAUUSD Outlook 11/7/23 Huge rejection on the daily! Good evening gold gang! .. gold really did do what i told it last night with all predictions coming true to the pip. Amazing. I love this game!
No news days are great for reversal trading so my testing proves .. so we shall bear that in mind in the future.
Price has closed very weak bearish with a huge 100 pip rejection wick. This coupled with a bearish DXY says we will likely come up tomorrow.
Lets avoid the mess in the purple box and get into the nice range in the buys zone, which is host to a tasty triple top! .. if you don't know what a triple top is .. its a spot where price has failed to break 3 times with wicks .. so there are lots of sell orders there. The market will be after those stop losses so im expecting a move up there tomorrow or weds.
No news again tomorrow .. albeit we did get some volume today .. so lets see what we get tomorrow!
sells are there too incase we flip the candle .. thats the beauty of my style .. we adapt to anything and TAKE what the market gives us .. not what we expect.
as my mate bruce lee said .. "be like water"
Make sure you are following on for constant updates. Follow me on other platforms too to keep up to date.
catch you in london
tommyXAU
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today nzdcad analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold trading recommendations today
Gold rebounded on a big non-agricultural profit on Friday, but it did not break through the key pressure of 1935. It is still a bearish downward trend. The pressure position continues to be short, bearish!
Although gold is currently undergoing a shock rebound, it has not broken through the suppression of the 4-hour long-term moving average! Gold has also pierced the moving average before, but in the end it did not stand firm, but continued to return to the downward trend! The current trend is also the same. After the piercing on Friday, it fell back quickly, and the pressure is still there!
Continue to short the pressure position! Moreover, there are three major peaks on the golden monthly line, and the daily line fluctuates downward. Before there is a turn-around signal, continue to follow the trend to the end!
Trading straregy:
gold: sell@1935 tp1:1920 tp2:1900
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 Outlook 7/7/23 London fake out??Good evening gold gang! What a day!! huge moves forecast and caught by you guys. Classic breakouts and reversals were on the menu.
Ok what do we have coming up for the last day of the week.
Sells are still my preferred as price is still making its way down on the monthly. A pull back is likely from here up to that level and into the range.
London session fakeout would be amazing .. this would see price pushing up above the level there thinking we are going long .. for then for price to reverse and drop. Wait for the retest of the level on the sell side and smash that red button.
buys sells and reversals are on the charts .. last night i drew exactly what i wanted to see as the candles formed and they did just that .. so go back and see that chart if you missed it.
reversals have been very lucrative lately for me .. im basically looking for a 5m engulfing candle that breaks a little structure and a retest .. thats it. simples.
ok guys thats it from me .. if you're not following .. you are missing out. Hit follow now!
catch you tomorrow morning
tommyXAU
Gold trading recommendations today
Gold fell sharply yesterday in a small non-agricultural situation, and today it is a large non-agricultural situation. The decline continues, and the pressure position continues to be short.
Gold's current rebound is over, and it will resume its decline! From the perspective of the 4-hour level, this rebound hits the suppression of the long-term moving average and then directly turns downwards, and directly falls below the support of the short-term moving average! The current K-line remains below the moving average, and the short position is in a downward trend! Rebounds are short opportunities!
The current pressure is the reverse pressure position of yesterday's consolidation, and it is also the short-term moving average 1918 position! Relying on this pressure position within the day, the position is dry and bearish! After the big non-agricultural data, it is expected to further break the new low and continue to fall!
Trading straregy:
gold: sell@1918 tp1:1900 tp2:1890
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 Outlook 6/7/23 All targets hit 🎯What is up gold gang! hope you're well and had a great day on the charts with me
Firstly we got the reversals as forecast in the NY session with a huge drop of 100 pips to target. Then we got the classic strategy sells later on. Amazing day and the first of volume in a little while. Long may it continue.
Ok ive included more detail on the chart today for your viewing pleasure. I have included where i would expect a reaction during asian .. reversal points .. buys and sells as normal and a little drawing of the candles i want to see in order to sell in my zone.
I hope this helps some of you asking how i take my trades .. i keep it very simple!! Trading is done by humans on phones talking to eachother .. a 7 page trading plan is no good to anyone. KISS (keep it simple, stupid)
The top wick i was talking about at the beginning of the week has been obtained. We should now make our way down to the next point on the monthly chart where traffic was busy. So im still sell biased.
Follow my page here for constant XAUUSD updates, don't miss out as i post regular during the day
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catch you in london
tommyXAU
Gold price fell below 1915, go longEntered the market at 1916 in the morning, and there was no TP in 1920, and finally fell sharply. At present, the bottom support is formed, and the short-term strategy in the day continues to be long
At the same time, when gold falls back to 1911/1910, you can enter the market in batches. In early trading today, it is given 1916~17 to do more. If you hold the 1900 line, we are short-term bullish. We will look at the follow-up direction in 1920
The fall of the golden hour line is normal and inevitable. The bottom of the candle chart is also obvious, and the triple bottom is more prominent. The gold price has also passed the long-lost resistance line 1912. The candle chart can still maintain 1912, so we go long directly
As long as the price of gold falls back, we dare to increase our positions, unless we break through the 1900 line
GOLD (XAUUSD) One More Bearish Move Ahead
Guuuys, I have already predicted a local bearish movement on Gold this week.
I think that one more is ahead.
The price is currently approaching a strong resistance.
From that a trend-following movement will follow.
Target level - 1904
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GOLD (XAUUSD): Important Key Levels to Watch 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 1925 - 1940 area
Resistance 2: 1965 - 1972 area
Resistance 3: 1977 - 1985 area
Resistance 4: 1999 - 2011 area
Support 1: 1875 - 1893 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
XAUUSD Outlook 5/7/23 FOMC timeWhat's up gold gang! Hope you are enjoying the holiday in the USA. The birth of george washington or something i dunno.
Meanwhile on the gold chart, nothing happened today until late on where we got a reversal from the level. Very small but it was a little treat after a boring day of no volume.
Ok for tomorrow .. we got a couple news folders finally including fomc minutes. So im looking forward to some action tomorrow during london and ny.
We are riding a trend line currently on gold which looks like it could get broken for price to move down to the next zone .. however i would like to see price make that top wick on the monthly in order to start the move down as forecast at the beginning of the month.
buys and sells are on the charts including reversal points.
If you are new to my way of trading, i look for clean breaks below or above my levels .. a wick in the opposite direction and i execute. Simple. As trading should be.
I update my trades during the day, so hit that follow so you wont miss out when i update.
Thanks guys catch you in london!
tommy
GOLD (XAUUSD): Ahead of FOMC 🥇
Traders, don't forget that we are expecting FOMC during the middle of the NY session.
Here is my technical outlook for Gold and potential scenarios.
Bullish Outlook
Trading in a bearish trend, the market is currently testing a wide horizontal supply zone.
1925 - 1940 are its exact boundaries.
I will be bullish on Gold if the price breaks and closes above that entire area on a daily.
A bullish continuation will be expected to 1957 then
Bearish Outlook
Analyzing 4H time frame, I spotted inside bar formation
1919.5 - 1920.0 is its lower boundary.
If the price breaks and closes below that on 4H, I will expect a bearish continuation
to 1911.
Wait for a breakout and follow the market then.
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XAUUSD Outlook 4/7/23 Top wick made on the dailyGood evening gold gang .. hope you are all well and caught the buys with us today! very nice using the classic strategy.
tomorrow is US bank holiday! which, under my new trading rules, i won't be trading.
Ill be watching the charts on and off during the day but won't be actively trading due to lack of volume.
The daily has closed with a huge wick respecting the previous resistance showing me that we are still bearish overall. When i get a bias in mind, im not married to it. I like to trade both ways but i manage risk differently counter trend as its riskier.
Buys and sells are on the charts .. sells a little lower than the level to account for the structure there .. the zone is very clean under there too.
Thank you for all your follows and likes! means a lot
catch you tomorrow gold gang!
Your mate
Tommy
XAUUSD Outlook 3/7/23 This could be an aggressive month 📉Good evening gold gang! .. hope you have had a rested weekend and ready to attack once more.
OK we have a bearish closure below recent support on the monthly! this is interesting as the range below is super clean to push down. I don't give price predictions as anything could happen in the world at any point which will move gold in any direction.
So i just stick to the sessions in front of me.
Im looking forward to a news packed week including NFP on friday. Tuesday is a bank holiday in the USA and i will not be trading it.
Buys and sells are on the charts .. buys are counter trend so are nicely tucked away incase of any pesky fakeouts. Sweet rejection from an inner level there which could cause price to move down during asian session.
Sells im favouring and they are on the charts along with reversal points.
If you're not already PLEASE follow along so you don't miss any updates! and like the post
catch you in london
tommyXAU
GOLD (XAUUSD): Top-Down Analysis & Confirmed Bullish Reversal 🥇
Gold formed a morning star pattern on a daily time frame.
The formation consists of 3 candles:
Bearish candle,
Doji candle with a rejection from the downside,
Strong bullish candle.
That formation signifies a highly probable bullish continuation next week.
4H time frame gives a very nice confirmation with inverted head and shoulders pattern.
I will expect growth at least to 1930.
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XAUUSD Outlook 29/6/23 We got the break out finally 📉Good evening gold gang!! Hope you had a good day and caught the counter trend buys i called. Lovely level respect.
OK i cant believe im writing this, but we actually broke out of the range, and retested it. A summer miracle.
This is great news for us as we can now get some clear direction finally.
DXY has also broken its downtrend with a strong push to the upside today target my next level. This can mean xauusd moves to the downside inline with the STRONG monthly bearish candle.
The weekly candle has a very clean range to fill with its own target of the 1872 area, lets see if we push down there before the end of the month!
some nice red folders tomorrow including powell speech at 7.30 my time? how can that be right thats 3am eastern .. anyways lets see if that moves the london session
Buys and sells are on the charts for asian session. Remember to manage risk accordingly. The way i do it is break even quickly (after 15 pips appx) especially in uncertain times like we are in
PLEASE like and follow me .. i love getting dms and comments .. it gives me something to do as its pretty lonely being a trader sometimes lol
catch you in london
tommyXAU
XAUUSD Outlook 28/6/23 back into the range 🥲Whats up guys!! hope you all had a good one even though it was frustrating again!! .. we cannot get out of this range seemingly!
Price seems to be hugging my monthly level marked in white .. it must be very important as we keep breaking away and coming back to it very quickly. Even the news today could not shift it.
Lets hope jerome can get us out tomorrow afternoon.
The green box marks last weeks low .. if you look on the weekly chart, you will see a very clean candle to the left just waiting to get filled .. we have closed on the daily very bearish, so could see this coming down tomorrow during the meeting.
buys and sells are marked up as usual with reversal points. I look for 5min engulfing candles when looking for reversals.
I wrote on another platform today the importance of sticking with your edge even in tough market conditions, this is happening right now. Even though im not getting my usual wins, im sticking to my plan and riding the storm.
Please like and follow along for constant XAUUSD updates
have a great evening wherever you are
tommy
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 Outlook 27/6/23 i'm not trading these days anymoreGood evening gold gang! hope you survived another day in the range! I have taken the decision to finally
stop trading none news days. The volume just is not there and we are prone to fake outs, much like bank holidays. So i'm going to just stop trading them, and i suggest you do too!
I started off in london with a perfect breakout to be faked out in an area where price had no business turning around, launching upwards in line with the dxy down trend. It happens! .. then my sell stop was not activated in NY due to lack of volume, so overall a frustrating day in the xauusd markets.
Onto tomorrow!! we have some lovely news folders all day tomorrow that should shift us hopefully out of this range we have lived in for the last 4 days.
buys and sells are on as per yesterday .. the sells are better around the green box and the buys are certainly choppy but with volume, should sail through.
If you have the same experience as me with no news folder days being frustrating, leave me a comment or a dm. Id love to hear
other than that .. follow along for constant updates on my trades and leave a like .. it means a lot
catch you tomorrow in london
tommyXAU