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!
Goldtrader
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
XAUUSD 5/5/23 Outlook. All time high? Good evening gold gang! another great day on the charts meeting my targets and expectations. First the fake out sells and the buys above both running to target nicely .. boop.
After last nights insane open! .. im staying awake this time. Obviously im still rooting for downside as price up here is too unpredictable .. we thrive from past data .. and we have none up here hardly. Lets hope for some dollar strength tomorrow on NFP
Buy positions are at the top of the previous wicks to complete the all time high charge. The white line at the top is the last time price was up there in 2020!!
Sells are below the noise so should give well enough room for any shinanigans at the open lol
A quick note on my analysis if i may .. the beauty of it is you can use whichever strategy you want with it. SMC ICT FIBS etc .. i give you the direction, and you execute as you normally would. I just keep it very simple. My trades run to target a very percent of the time .. so you can rely on me! just use correct risk management
thank you for the likes and near 800 followers!! insane. Thanks for being a part of the gold gang
tommyXAU
XAUUSD 4/5/23 Oulook. Fakeout? Good evening gold gang! hope you are well and had a solid trading day.
I managed a break even on the buys having entered them after my normal trading hours where volume wasn't the best. FOMC news came and sent price up to target as forecast, but im totally fine with that .. i followed my plan.
On to tomorrows outlook .. another red folder news day tomorrow unemployment so we could see some more volatility on the yellow metal. I personally want to see some down side as any trader will tell you, when price reaches all time highs .. there isnt enough data for us to go off and will reduce probability .. so i much prefer price where there is plenty of history.
The buy zone is very close to current price .. as this is where the previous action was. This means a strong possibility for price to do a fakeout and come back into the range. Use tight risk management in this case .. and if price closes strong back under the zone .. sells can be taken here.
Sell zones in a sensible area lower down and will activate tomorrow if we get some positive dollar news.
Well done to anyone catching the buys today! .. another winning analysis. Thanks so much for the likes and follows. I appreciate you all.
TommyXAU
GOLD (XAUUSD): Key Levels After FOMC🥇
As I predicted, Gold bounced yesterday.
Here are the updated key levels for you to watch.
Horizontal Key Levels
Resistance 1: 2065 - 2075 area
Support 1: 2004 - 2015 area
Support 2: 1968 - 1982 area
Support 3: 1943 - 1956 area
Vertical Key Levels
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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XAUUSD 3/5/23 Outlook FOMC?Good evening gold gang .. hope you have had a good trading day.
We got the buys yet again in a massive move up due to news. Target broke into the buy zone and rallied 100 pips to the target to hit it perfectly .. boop. Another one. Congrats whoever grabbed it.
Onto tomorrows big news day!! Im sure we will get consolidation tomorrow in light of the news .. im not a huge fundamentals guy .. id like to learn if someone had some decent learning material for me? lemme know in the comments .. so i like to let the move play, and react accordingly whichever way we go.
Id like to see pull back asia toward that blasted 1993 level price has loved for the last few weeks .. there we will await the news and blast off either side .. but we have to be patient.
The buy position i have has a problem area in the middle where price can react from .. if you take profits and BE your trade, you shouldnt have a problem. The sells should be straight forward towards the 1993
DXY having broken out of the downward channel is making HH and HL on the 4hr indicating dollar strength. This usually means gold weakness so im favouring the pullback.
Either way, use correct risk management guys no gambling here. Take what the market gives us, not what we expect.
Stay frosty out there .. please like and follow along for more gold analysis
tommyXAU
Gold (XAUUSD): Technical Analysis Ahead of FOMC 🟡
For the last 3 trading weeks, Gold was trading within a horizontal trading range on a daily.
The price formed a high momentum bullish candle and close above the upper boundary of the range yesterday.
Technicals currently are supporting bulls and I believe that the market may bounce to 2040 level easily.
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XAUUSD 2/5/23 Outlook .. big Wednesday?Good evening gold gang! .. hope you had a good day on the charts.
The forecasted buys were there around half 1 gmt and ran straight to target .. congrats anyone who jumped in there. Price then proceeded to drop straight back in to the range for the rest of the day doing nothing much .. which is typical of a heavy news week.
Wednesday is the FOMC meeting and this could be a huge catalyst for xauusd to either move up to target the 2000s again or down to the 1970s depending on what impact it has on the dollar. This should rid us of this range.
Buys and sells are on the chart and ill update you as the day progresses tomorrow .. but in all honestly im not expecting much. Ill be here if you have any questions .. please like and follow along for more xauusd updates and trade ideas
An off topic thing while i got you that had me thinking today .. i got a comment earlier saying i won't get anywhere using this breakout strategy and will likely blow my account .. it made me think that why do people think that their strategy is better than mine or vice versa? All strategies work .. they're all individual to the person .. and if you have enough proven data, then what is the problem. Anyways my trade won again today and that guy is looking like a toilet.
The point is, focus on your self and perfect your craft. Don't focus on the next social media lambo driver .. trading is possible for everyone if you are disciplined.
Be excellent to each other - bill and ted
TommyXAU
XAUUSD 1/5/23 Outlook. Pullback? Good evening gold gang!! hope you have all had a nice weekend. Im back with the analysis for the first day of May! (justin timberlake meme)
Ok price is still in the range higging the 1993 level .. this level has been respected so many times last month and is proving to be of huge importance to the powers that be. However, the monthly has closed above the previous!! which is very interesting to me
This means that price is likely to move up but in order for it to do that, we will need some kind of pull back.
As usual im ready for whatever scenario, so we have buys and sells on the chart. The buys above would be nice but the range above the target is very tasty with no problems.
FOMC news on friday, its possible we may range again this week awaiting it .. but then we may see big moves in price and this could be the catalyst needed to move up. Lets find out!
If you like my work then please drop a like and follow .. i appreciate ya
tommy
Gold (XAUUSD): Bullish Outlook Explained 🟡
Gold is trading in a bullish trend.
After the price set a new higher high higher close on a daily, it retraced.
The market is currently approaching an expanding demand zone based on a falling trend line and 2 horizontal supports.
I will expect a bullish continuation from that to 2040 level.
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XAUUSD LONG?The price action of GOLD still very strong.
Higher high and higher lower, having very healthy uptrend and the support at 4H vegas. I am going long at 1989,
TP around 2070
SL at 1964
but we have to beware for the SUPER resistance somewhere around 2075
this resistance we can find it from since year 2012.
For reference, not financial advice.
XAUUSD 26/4/23 Outlook, wait for the range to breakGood evening gold gang! I hope you are well.
wow pretty boring day up until this evening on the gold chart! .. lets start off with last nights Asian session, buys were there and a few of you managed to grab the 50 pips before price reversed in London. Price then flip flopped up and down for the rest of the day up until around 18.00 gmt where we got volume and a close above in our zone. BOOM 100 pips there for the taking .. i did not enter as it was outside my usual trading hours. Discipline.
Ok on to tomorrows outlook .. I’m looking to wait now for price to break out completely of the range. As marked, its very messy near current price so i would not want to be caught up there in a position.
Price is very clean above 2012 .. so ill be hanging in there for that. Sells back below the 1973. It’s a huge no trade zone but the rest of the price is too choppy for me to risk capital.
Thanks again for the likes and follows .. means a lot. Please smash the like on this and ill catch you in the London session
TommyXAU
XAUUSD 25/4/23 outlook bearish dollar?Good evening gold gang! hope you are well and survived a very boring day on the gold chart. No news today causing price to range for most of the day trapping traders long and short. Not me though, my levels remained untouched so i stayed away. Thats experience for you hah
So for tomorrows price, we have some news late in the day which could cause price to range again .. so be aware there could be little volume. If we get some then i have the same levels marked out with an extra zone for the buys. I have left a gap in the middle as its very messy and would not be trading in that zone .. its also a potential fake out zone for price to reverse .. so best to stay clear.
DXY still in that bearish channel and will close below 101.45 tonight. last time it did this is fell down driving gold up. Lets see.
Buys above are very nice with lots of clean range to fill.
1993 key level still respected as it has been all April, so we are due some movement away from it. Sells below the 70s marked up.
Have a great evening gang .. remember if you are taking the trades .. 30 min min candle close into the zone before executing .. take profits along the way dont get greedy.
Thanks for 700 followers wow!! .. hope im providing you with good content and helping the community. Please like and follow along if i am.
tommyXAU
GOLD (XAUUSD): What to Expect This Week? 🥇
Gold is trading in a bullish trend on a daily.
After the price set a new higher high, the market started a correctional movement.
I will expect the next bullish wave from the confluence zone based on a broken trend line
and 2 horizontal structures: 1984 - 1991 support and 1943 - 1956 support.
Goal for buyers will be 2038.
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Start today and complete 300% of our revenue target for the weekGold is currently in a revised market after a sharp drop. It is currently trading near 1981, but the overall rhythm is still in a short trend. At present, gold is running in a small area. Don't directly chase short or rise in trading.
1.Below, first pay attention to the support near 1970, and if you effectively break below the 1970 support, you will see the bears continue to the 1950 position.
2.Above, first pay attention to the 1988-1992 resistance area, and further pay attention to the 2000-2004 resistance area.
Gold may experience false breakthroughs at the integer threshold. At this time, we must pay attention to the signals released by the K-line to identify the true or false market breakthroughs.In this way, the accuracy of trading signals can be ensured.
In addition, in the last week of trading, we achieved a record of consecutive wins and zero losses. Starting from today, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
XAUUSD 24/4/23 Im still bullish on the HTFGood evening gold gang!! hope you had a good weekend, relaxing .. popping bottles, whatever .. as long as you did some backtesting! ha
Ok on to tomorrows outlook .. as the title says, im still kind of bullish on the higher time frame as daily candles are still rejecting the key area 1973 area. Price did close bearish last week below the daily death range i talked about .. but im still seeing DXY moving downwards in a channel and id like to see a pull back to the 1993. As usual though, ive covered you both ways .. because thats how i trade.
The sells id like to see below the 1973 with a strong candle close. Target is placed below, make sure you pay yourself first as i always say.
The buys a little further up BEFORE the daily high at the 1993 key level .. this is because the range above is messy. Id like to get in and out before that sh*t show.
Lets see where we open! ill be in bed as im super tired .. so i hope you get a trade during the session .. if not .. ill be back in london.
Safe trading gang .. please like and follow along for more gold trading tips and ideas.
tommyXAU
Gold (XAUUSD): The ZONE to Watch Next Week 🟡
Gold was consolidating this week.
The market was trading within a very narrow range.
The Friday's candle closed, approaching the expanding zone of demand based on 2 horizontal structures
and a broken falling trend line.
I will expect a bullish wave from that zone.
Wait for a confirmation to buy from there next week.
Goal will be 2038
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