XAUUSD Perfect analysis & Asia outlook Good evening gold gang! hope you are all well
ok last nights asian session was very low volume before a slight push in london where i took buys as forecast. I jumped out before but the trade did come up to hit the target. BOOP! ... the news sent price insane and we saw a spike down to the 2012 level trapping lots of short sellers before retracing heavily. No trades there as, what do i always say .. no closure, no exposure.
On to tonights asian and london outlook .. price is in a messy range right now most likely consolidating for news this week .. so be aware of that. I have buys above the daily high to move on to the 2041 level and the sells below the big wick of the 2012 to target the 2002 level. As always .. hourly or 30m candle closures are required to determine the direction.
The DXY is at a strong resistance of 101.98 and can reverse .. meaning gold to go up, but im expecting consolidation until the news.
Hope this was helpful and you have some understanding on the way i view the market .. please like and follow along for more xauusd updates
tommyXAU
Signalprovider
CAD-CHFThe price of this currency pair has been moving in a downward trend on the D1 chart since June 2022. On the H4 chart, the price has reached a resistance level that previously served as an important support level. In addition, the price is very close to the upper line of the descending trend channel, which is another indication of an opportunity to open a SELL position.
EURJPY Will Fall! Short!
Please, check our technical outlook for EURJPY.
Time Frame: 12H
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 143.6
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 142.0 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
The term Oversold describes a period of time where there has been a significant and consistent downward move in price over a period of time without much pullback.
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EurJpy- Buy dips for 1k pips profit (swing trade)Earlier this morning I've written 2 analyses, one on EurUsd and one on UsdJpy, both bullish and from those, you can conclude that although I expect a rise for EurUsd, a strong Eur and weaker Usd, I also expect a stronger Usd versus Jpy.
If I'm correct, this outcome will give us a double effect on EurJpy, meaning a strong up move.
Stricly technical, EurJpy is ranging since the start of 2023 with a very clear buy zone under 140, market by multiple reversals and long-tailed candles more recently.
At the time of writing the pair is trading exactly at a horizontal resistance level and a drop from here could represent a good buying opportunity with a great R: R if we target the 150 zone. Negation comes with a clear break under 140.
LULU Lululemon Athletica Options Ahead Of EarningsLooking at the LULU Lululemon Athletica options chain ahead of earnings , I would buy the $310 strike price Puts with
2023-4-21 expiration date for about
$14.65 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
XAUUSD Asian outlook / i missed the buysGood evening gold gang!! hope you are well
Another winning analysis day today on my beloved gold! Waiting for the strong close above the zone was on the menu today and we finally got it in NY. Price came up, closed, retraced and i got my entry. Price moved up to near 20 pips and i moved to BE .. then price reversed partially and took me out. Price then corrected and rocketed up to the 2000s level with some strong volume! amazing.
Oh i almost forgot the sells we there at the news but did not provide me with an entry. 2 winning analysis.
Ok for asian! ... Price is super bullish again now we are at the 2000s. I would expect in asia to provide a small pull back of a hundred pips or so before moving up towards the monthly candle wick fills and possibly hit all time high!!
I have a sells position on the chart too but keep the risk management tight as we are still bullish after all.
Thanks for reading guys .. please like and follow along for more XAU goodness
tommyXAU
XAUUSD perfect buys!! target met.Good afternoon gold gang!! hope you are well
What a week (again) for the gold price. We have had some amazing moves this week with my analysis playing out to the tee.
In asian there were beautiful buys up to the target area that was met by london. I then forecast the pre ny buys in the minds section of trading view which met target to the tee.
The reason for entering is always 1hr/30m candle closure outside of the zone .. wait for retest and go. Trading is simple guys, dont over complicate with indicators .. take it from me who tried everything when learning.
No more trades for me now after bagging hundreds of pips this week .. its beer time!! you know me
Have a great weekend! ill be back this weekend with some educational posts.
tommyXAU
XAUUSD my asian session trading levels good evening gold gang!!
Price action has been crazy today!! glad we caught some pips safely. 100 pip moves as standard!
OK asian session outlook .. price has no real direction at the moment looking like the daily will close like yesterday as doji. Taking trades must be in and out due to this uncertainty.
Interestingly if you look on the 4hr timeframe, youll see the last few could not close strongly below the major level, so sells below that level should be quite tasty. Wait for candle closure.
Buys at the very top of the range to head for my blue line target.
again, closures above the zone 30m candle.
Enjoy!! please like and follow along for more gold trading analysis
tommy
GBP-AUD
The price of this currency pair has currently reached the support level on the H1 chart and at the same time is close to the short-term rising trend line. Currently, the price is testing both the trend line and the support. We expect a break below this support level and a subsequent decline down to the next support level where our Take Profit is placed.
GOLDGold
The price of this commodity was around the support level on the H1 chart after a previous significant decline. Now it looks like a rebound and the price is located around the local resistance level. We assume that a breakthrough is possible not only within the correction and that opens the way to the next level of resistance (resistance), where our target price is also.
XAUUSD wen pullback?!?Good evening gold gang!
Huge drops today on gold! i caught the initial move from london which ran to my target perfectly! (hope you guys got it too)
After such a massive move im expecting a pull back. I have my area marked up for the pull back on my chart after a support has formed on the lower time frames.
No pull back should see price drop down to the next level which is my red line .. thats a 40 pip drop so its a nice range to catch if you trade the asian session.
Catch you tomorrow morning for london! please leave a like and follow along.
tommy
USD-CHFUSD-CHF
This currency pair is moving on the H4 chart in a short-term trend channel. Currently, the price has created a higher low, directly in the area of price support (support). The price has already tried to break the short-term trend line once. We assume that the price could break this price channel at the same time as the support and thus head lower, to the previous support, where the first target price is.
XAUUSD Simple buys in London (60 pips!)Good morning gold gang!!! happy friday
So gold ranged at our key level for most of asian and broke with volume around 6am gmt to the upside. I was up and at the charts and entered on the break of the candle high as forecast yesterday and rode it up to tp1 for 60 pips!
Im expecting price now to push to the top key level for a further 40 ish pips. I have already taken partials and if you were in the trade too, id expect you to be taking money off the table as well as risk.
DXY is breaking its momentum to the upside so lets see if we can make higher prices still for xauusd .. ill know by lunch time gmt
another successful analysis here from your friend
tommyxau
DASH DoorDash Options Ahead of EarningsAfter the record users and orders in the pandemic:
Now DASH is threatened by UBER eats and other food delivery apps while orders are declining thanks to the covid restrictions lift.
Looking at the DASH DoorDash options chain ahead of earnings , I would buy the $55 strike price Puts with
2023-3-17 expiration date for about
$4.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
If you want to buy it for the long run, after these earnings retracement, it might not be a bad idea.
Food delivery is here to stay!
Looking forward to read your opinion about it.
EURUSD Today Analysis By Forex PharmacyEURUSD Analysis with complete chart patterns.
There is a Head and Shoulder Formation.
Also, A Three Drive pattern.
and Market structure may give us a Sell opportunity with 20 pip SL and 100 PIP TP.
Do support me if you like my working I can share many more analyses.
Regards,
M Raheel Khan
Forex Pharmacy
UsdJpy- 131 zone holds the keySince the end of October last year, UsdJpy has dropped 2500 pips from top to bottom.
However, considering the rise of 50% of the pair since the beginning of 2021, this is just a correction of the long-term trend and, in fact, the pair seems to have found a bottom exactly in 50% Fibo retracement of this strong bull leg.
At this moment the pair is consolidating under the important 131 resistance, and a break above this level could lead to gains to the 135 zone resistance in the medium term.
I'm bullish on this pair, waiting for confirmation though
Lingrid | GOLD ranging MARKET. ShortThe market tested resistance and dropped by forming a double top. I think gold might go down to test support from resistance if price makes a fakeout or double top because price shows overbought condition and divergence at the resistance on 4H timeframe. I think it will go down if price rolls back to recent resistance and trendline which is upper border of the channel that was rejected multiple times. My goal is the support level at 1915.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NZDJPY: Short Trade Explained 🇳🇿🇯🇵
Here on NZDJPY pair, I spotted a perfect example of a top-down confirmation trade.
Approaching a key level, the price formed a head & shoulders pattern on 1H time frame.
Its neckline was broken, and the candle closed below that.
We can go short from a broken neckline.
Goals: 84.09 / 83.73
❤️Please, support my work with like, thank you!❤️
GBPNZD > Strong Demand Zone, Wedge Pattern, a Key Market Level!!Analysis of #GBPNZD
Hi traders, today we will have a look at #GBPNZD
looking at the chat right now you can see the market has tested the structure support zone and showed a bullish reaction also we have the market inside a falling wedge pattern at the structure also key market level of 1.9000, which usually break to the upside
if the market will test again this level I will drop a one-time frame and look for a reason to enter with a good reward to risk
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GBPAUD > The Best Possible Levels for A Good Buy Entry!! Analysis of #GBPAUD
Hi traders, today we will have a look at #GBPAUD
as you can see we have the market dropping down to test the lows near 1.7500, currently the market is at the resistance zone, if you look at the left side of the chart you can see there are multiple levels of resistance in this area
so I expect the market to test the lowes, we have 2 levels that interest me, the 4-hour structure support level and the daily structured support level as laid out on my chart
if the market drops and test this zone I will then drop the lower time frame looking for a double bottom, or bearish candle formation, better if I get a harmonic pattern I can then enter with a limit order, lets what the market will give
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!