Get started

Goldtrader

XAUUSD 19/4/23 Outlook .. pls readGood evening gold gang!! hope you have had a good day. The days analysis was good and upside targets met, but no trades taken other than a very small profit. The reason for this is we got a closure above the level but price stalled for a full hour (which was not fun) so i exited the trade as this can mean rejection. Price plummeted down to grab more orders from my major level and then 200 pips to the upside to hit the original target. A small win is better than a break even and ive had a few messages from traders that took the trade and profited .. well done! Onto tonights asian and tomorrows london and NY outlook ... Ok DXY is still trending in a bearish channel, this means we should see some gold upside .. so i have placed my buy orders at above 2012 with the target there at 2021. Look out for the 2015 problem area .. it may be better to wait for it to close above there as its a previous strong zone. sells are down at the 1993 .. that is a very strong level and is well respected .. any closure below there should see strong downside. No major news for us tomorrow so there may not be huge moves .. but we are only looking for 100 pip ranges .. 100 pips is massive by the way!! .. thats just my style. Im not into fortune telling predicting the price of gold in 6 months. have a nice evening wherever you are .. catch you tomorrow for updates on this post. Tommy
OANDA:XAUUSD
by tommyXAU
8
XAUUSD We caught the sells and 18/4/23 Outlook Good evening Gold Gang! what an amazing day on the gold chart The first sells came after the forecasted fake out of the key level .. i entered as soon as i saw a bearish candle form after the rejections at key level .. i rode it down to the next level and then price continued again. Both levels forecast and its amazing to receive messages from traders who took the same trades as me. For tomorrows price action, price has rejected the major key price level of 1983 with a huge wick. Id like to now start to move upwards to correct the bearish drops. This could be the beginning of the all time high run .. but we will need a biiig news catalyst for this to happen. Sells below the previous close but be aware of price at 1979 as there may be a reaction from there. Have a great evening guys, please leave a like and follow along for more xauusd updates tommyXAU
OANDA:XAUUSD
by tommyXAU
5
XAUUSD Huge buys and Asian outlook Good evening Gold Gang! hope you are doing well Wow another great day on the charts with buys in both london and new york sessions! Negative dollar news shot price up leaving sellers in the dust. Both trades called in my analysis and it was nice to receive messages from traders that took them. Well done! Ok as for tonight and tomorrow, gold still bullish obviously but is ready to pull back in my opinion .. it has to. So i have my sells set for below 2031. Its not the cleanest range with a big of traffic in there, so stay frosty and take profits on the way. Buys for me are not at my level, but a little further up as those highs at 2043 are very strong and will need clearing before entering. Its friday! so be aware of any usual gold mischief .. use tight risk management and dont be afraid to pay yourself! catch you in the morning for updates .. thanks for all the likes and new follows .. nearly 600 now thats insane. Welcome! tommyXAU
OANDA:XAUUSD
by tommyXAU
5
XAUUSD Asian session and pre london outlook Good evening Gold Gang! i hope you are well and survived the cpi news earlier!! Buy stops Sell stops yayayya So the news sent us 250 pips north to boop my key level perfectly. Then dropped back down to the lower key level before ranging. None of which provided me with an entry point. Cest la vie So apart from the asian buys, there hasn't been anything to take today that fit my plan. This is where patience comes into play. Onto tonights asian and pre london, With price ranging now up until the close, i have my buy zone up at the 2022 key level, candle closure required. This should then move up 100 pips to the next zone of 2031. The sells (that id prefer) are down at 2003. Wait for candle close. Why am i so bearish you say .. well gang .. there isnt any data at all time highs so trading will be super difficult. So we want prices lower, where past data gives us the edge. Some nice juicy red folders tomorrow so lets hope for some downside. If not, its fine. We are ready for whatever. Have a good night guys use correct risk management tommyXAU
OANDA:XAUUSD
by tommyXAU
8
XAUUSD 2k Failure / asian outlookWhat is up gold gang! hope you are all well and rested after the long weekend XAUUSD today we caught the sells in NY as forecast last night .. absolutely beautiful. Well done to anyone taking that on my analysis. OK as for tomorrows asian london and NY .. lets get in to it Price has failed AGAIN to stay above the 2000 level. This says to me that its too strong a psych level and in order for price to stay above, there needs to be another big news event that would effect the dollar negatively. Until then, i believe we will see more pull backs. I have my sell level marked below todays low. The only problem with this is the area marked out in the white box .. there will be some kind of reaction there .. so either wait for price to clear it .. or take profits there as its likely to bounce. Buys are back above the 2000 level .. reason for this is we are heavily bearish at the moment and would need to see some heavy news in order to change that. As usual the target prices are on there .. dont be a greedy guts and take profits along the way .. don't be that instagram guy saying you just caught a 1:19999 once in your whole life .. its always better to compound small wins and keep the win rate high. Have a good session guys i will catch you for updates in the london session tommyXAU
OANDA:XAUUSD
by tommyXAU
5
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