GOLD (XAUUSD): Your Trading Plan For Next Week Explained 🥇
This week was very slow for Gold.
The market was consolidating after setting a new all-time high.
Here are potential scenarios for next week.
If the price drops and closes below 2144 level on a daily,
it will confirm the strength of the sellers and a correctional movement will be anticipated
at least to 2090 level.
Alternatively, a bullish breakout of a falling trend line on a 4H time frame will be
an important bullish confirmation.
A retest of a current high will be anticipated then.
Patiently wait for a breakout next week,
that will be your trigger.
❤️Please, support my work with like, thank you!❤️
Goldtrader
XAUUSD Analysis was perfect. Can todays be the same? Good morning gold gang! Yesterdays sell zone was bang on netting the gang 70 pips!
We closed respecting the engulfing on the daily time frame so we may be looking at sells today
I have found 2 possible zones one to buy one to sell
check them out and put them on your charts
follow me on socials for live updates
T
XAUUSD We caught 200 pips on CPI!! good evening gold gang .. i know ive been slow with the analysis lately .. but there is literally nothing to analyse as price continues to fly!
We have finally had a daily close bearish, so we may be creating some workable price action
The CPI move came up to my sell level perfectly and dropped heavily with positive dollar news ... amazing!
Price is at the buy zone right now so lets see what it does at the potential sell zone ... if that zone breaks .. then we will make another ATH
im always availble on socials to trade the current price action .. dont be afraid to reach out
catch you in london
tommy
Gold to set record high after CPI tomorrow? Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold.
Spot gold is currently trading around $2,181.47 per ounce, following a record peak of $2,194.99 on Friday, propelled by U.S. NFP market data that fueled expectations of a rate cut. Traders are currently factoring in a roughly 70% chance of an interest rate cut by June.
The forthcoming inflation data holds significant weight, with the potential to sway the gold market's direction. Expectations are for annual inflation to remain unchanged from the previous month’s 3.1%.
If the data comes in hotter than last month's report, it could pose challenges for the gold market and potentially lead to some near-term selling pressure. Conversely, softer data might propel gold to new highs in the short term.
It's worth noting that the RSI indicates the gold market is currently extremely overbought.
XAUUSD No sells until this price level good evening gold gang! its that time again
wowwwww what an insane week last week .. i stopped analysing as it was trending so dang hard it was just buy every pull back lol
I wonder what we will get this week as dollar is still in freefall .. could we see higher pricing? i think we can
I wont be looking at any sell until the 2207 projected algo level. Then i can wait for confirmation and take a short ... other than that its buying from further down
as usual .. lets let the price play out and make informed decisions from there
stay safe out there gold gang and stay frosty
tommy
Gold: Risks after hitting all-time high?Gold: Risks after hitting all-time high?
Gold prices have been on the rise for the last six sessions, gradually approaching the December high of $2149.00. This recent uptick followed Federal Reserve Chair Jerome Powell's reaffirmation that he thinks it would be sensible to consider reducing the Fed funds rate at some point this year, with the condition that there is increased confidence in inflation steadily reaching the 2% target.
Looking at the daily chart, gold currently sits comfortably above its main support, the 20-day moving average at $2041.00, making it susceptible to a potential reversal. Alos, Gold might be prone to downward pressure once the Euphoria from Jerome Powell's recent testimony fades, and the market realizes that the Fed is not actually in any hurry to lower interest rates.
Now, Spot gold is priced at $2,150.00 per troy ounce, hitting a new record high. Extremely overbought conditions have become more obvious.
Economists at ANZ Bank suggest that the primary driver behind the surge in gold prices is the Fed's shift from a tightening to an easing monetary cycle. They also anticipate that elevated geopolitical risks and central bank buying will contribute to pushing the gold price to $2,200 by the end of the year.
Interestingly, palladium has crossed the $1,000-an-ounce mark, recording gains of over 10%.
GOLD (XAUUSD): All Time High Soon?! 🥇
Gold successfully broke and closed above a key horizontal daily resistance yesterday.
Our next strong resistance is based on the All Time High.
I believe that the market will keep growing to 2140 level.
I really want to see a pullback first though, to buy the market on a retest
of a broken structure.
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD) Important Key Levels & Your Trading Plan 🥇
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily.
The market closed on a key horizontal daily resistance.
Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation.
Wait for a confirmed breakout to buy.
Alternatively, we may see a pullback from the underlined structure.
I will monitor a price action on Monday and look for a confirmation to catch a pullback trade.
Let's see how it unfolds!
❤️Please, support my work with like, thank you!❤️
XAUUSD ALL TIME HIGH THIS WEEK 📈Good evening gold gang ... wow its really just straight bullish action
Theres nothing we can do but wait for the best time to buy for the final 300 pips to all time high
The 2 best buy zones are on the chart .. i believe we should hit ATH before NFP friday
Until then ... lets just watch the carnage unfold as fellow retailers fomo in the buys to push us up .. where ill be waiting for those long term shorts.
Stay tuned!
catch you in london
tommy
XAUUSD All time high attack?! heres my buy zonegood evening gold gang .. we are back for another week and an attack on all time highs!
A massive expansion on friday means we are sat very high up near ATH with not much data to go off .. so we need to wait for some structure to form
i will need price to come down to the 2050 before i can buy back in to take it up to the highs.
Selling ill need that 4h to close and retest
Its going to be a patience game this monday and see if we get an opportunity to buy or not!
If it flies .. so be it! we will catch it on the way down
like and follow for more updates
catch you in london
tommy
XAUUSD We need this breakout to come! Good morning gold gang ... what a great day yesterday was taking our first loss of the week followed by a recovery and profitable trade to keep us in the blue once again
today we are still stuck in this terrible range! ... waiting for news to push us out so we can trend once again. Now is not the time to get frustrated .. cool heads required for us to be able to execute when needed
Im seeing nothing but algo bounces at the moment as its too messy to attempt much at this current time
ALGO bounces for me i enter within 10 pips of the level and scalp 20-30 pips from them
Other than that .. we have to wait!!
like, follow and boost this post! ... cactch you in london
T
GOLD (XAUUSD): Technical Outlook & Important Things to Watch 🥇
Gold remains very weak for 2 weeks.
Analysing a daily time frame, we can see that the market is consolidating and trading
within a very narrow range.
The last 4 daily candles are even trading within the range of a strong bullish candle.
That is a perfect example of inside bar formation.
Depending on the reaction of the price to the boundaries of that range,
I see 2 potential scenarios.
If the price breaks and closes below a 2015 level - the support of the range,
for us, it will be a strong bearish confirmation.
A bearish continuation will be expected at least to 1992 level then.
Alternatively, bullish breakout of 2044 will be a strong bullish signal,
that will push the prices at least to 2054.
Following my previous analysis, I remain bearish biased on Gold and bearish scenario
is more highly probable, but let's see.
❤️Please, support my work with like, thank you!❤️
XAUUSD Will we ever break this range?! Whats up gang!!! another profitable day but wowwww was it boring .. price stuck the range again .. we need a breakout soon!
Price levels same as yesterday as we didnt move today at all .. hoping to get to one of the major zones here for a buy or a sell .. not bothered which at this point lol
hit the like if you got in with us today!
catch you in london
tommy
XAUUSD Did you see the accuracy of the buys? Good evening gold gang .. what an amazing day .. i know i say that a lot .. the accuracy on those buys in NY session was just insane having marked it up last night for it to react so strongly!
Did you get in with us?
All in all we are still in the weird range with no clear direction .. im still bearish overall looking for big sells but we keep coming back up into the range to cut them short, so im catching buys too
Price respecting trend down currently but my best sells are at the top algo .. so i have to wait .. above that is a major daily zone too so thats one to watch as price may just miss the algo and go for that
2025 must be cleared before continuation sells can be taken too
buys at the bottom algo
all in it will be a lets see whats happening day tomorrow with major news in the NY should shift us
until then .. hit follow!
catch you in london
tommy
XAUUSD Im Still Bearish! heres why .... Good evening gold gang! its that time once again where the madness starts and we get into some action in the gold markets
Last week we closed above the key level of 2015 with bullish intent .. but with no major news coming from the warzone, i dont think we can stay bullish.
Id have to see price break 2040s area to confirm bullish
Im looking for sells and the best spot for me is algo 2050. I wanna see price head up there .. take liquidity and sink down to the depths of heck
buying from 2025 area if we start off with a liquidity grab
Lets let the sessions play out and make an informed decision from then
like follow and boost for the algo!
catch you in london
tommy
GOLD (XAUUSD): Support & Resistance Levels For Next Week 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures:
Resistance 1: 2054 - 2065 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1984 - 1992 area
Support 2: 1965 - 1977 area
Support 3: 1932 - 1938 area
Vertical Structures:
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading next week.
❤️Please, support my work with like, thank you!❤️
XAUUSD Missed the buys, caught the sells for 50 pips Good evening gold gang and i hope you are well! A great day on the charts today catching lovely sells after a strong push up to the sell zone algo in asian and london.
Reason for not taking buys .. no opportunity to get in .. you can only get in at the optimal zones .. not while price is pushing.
Tomorrow id like to take buys, but i need price to come down to an algo first. The 2021 is higher risk as its close and has been touched .. but still valid. Use small risk if you are.
Better buys would be 2012 for me
Sells im not looking for currently unless we break all current levels.
Lets see what tomorrow brings as usual and REACT NOT PREDICT
write that down .. its important
catch you in london
tommy
XAUUSD Slow price but we got the sells! Good evening gold gang hope you are well ... price was super slow today with USA bank holiday .. but we managed the sells that ran for near 100 pips in the end .. just shows the power of the algo levels
We need price to start moving again to gain our weekly bias. Its looking bullish so far, but ill need to see breaks above the 2031 to confirm it for me
bounce sells available there
buys down in the messy zone of 2002 .. but higher risk as its been touched many times
other than that ... im looking forward to price breaking out and making some money this week!
follow and like this post please! nearly 3k!
catch you in london
tommy
XAUUSD WTH happened at open?! Good morning gold gang i hope you are all well and had a great weekend .. its back to work time!
What happened at open? some crrazy spike by the look of it?! cant see anything in the news .. just a 100 pip jump down before a push up in asian session.
Right now we are at my optimum selling algo just waiting on confirmation to sell down to a decent buy zone as it looks like we may be in for a bullish week!
note down the algo levels on your charts gang .. bank holiday in USA today so not much volume in the afternoon session .. be aware!
like share and follow
tommy