Is gold making a strong comeback?Gold rose sharply during the US market session on Thursday and rushed to the 1980 mark, reaching as high as near 1985.The dollar index fell sharply during the day, narrowly guarding the 102 mark.Intraday gold currently continues to maintain a level near 1980.Judging from the daily chart, the gold price has been swept for four consecutive trading days, and the daily line alternates between yin and yang, and the overall range still maintains a sweep back and forth.
From the intraday point of view, although the daily K-line has closed the upper and lower hatched Yang lines, it has not been swallowed up by the bullish.Only the 1990 bulls on the daily line will hit the 2000 line again.Therefore, bullish below 1990 does not chase up, beware of the possibility of the main force inducing more market washing.If it breaks through 2002 strongly, it is a strong pattern. Therefore, for the time being, I am not in a hurry to fully look long. I have not yet come out of the complete long structure. At present, the 4-hour K-line is blocked and the recent high is suppressed, and the overall is still running downwards. Although the gold price rebound has a certain strength, under the premise of not breaking through 2002, I personally expect that the continuity is not strong.
Based on this trend, it returns to today's specific market trend: it is currently in a state of slightly more volatility, and gold is currently stagnant in the 1980-1985 area.In terms of support below: In the bearish form, it is safer to go long relying on strong support, that is, 1974-1975 will not break, look at the rebound.
Short-term trading reference;
1.Buy gold near the 1974-1975 position, stop loss level 1970, take profit level 1984
2.Sell gold near the 1984 position, the stop loss level is 1990, and the take profit level is near 1975
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Xauusdsignals
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
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
GOLD May be starting a new 7 year Bull Cycle.Gold (XAUUSD) has been on a 6 month rally since the September 28 2022 market Low. This chart on the 1M time-frame shows that Gold is trading on approximately 7 year Cycles since the April 2001 market bottom and that based on this model, the September low may be the bottom of the previous Cycle and start of the new one.
Since August 2011 there is a Higher Highs trend-line that rejected any bullish break-out attempts and bullish continuation both on the August 2020 and March 2022 Highs. At the same time the 1M RSI has been on Higher Lows since July 2013 and the recent September Low made a perfect touch on the trend-line.
It is likely that a break and closing of a monthly candle above the August 2011 Higher Highs trend-line would start a Channel Up that could share some characteristics with that of 2001 - 2011. What do you think? Are we that close to such a historic Bull Cycle?
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XAUUSD NY session outlook (fakeout)What is good gold gang!!
Asia provided not much volume but price moved down to my level and broke below giving us the sell opportunity. I personally jumped out at 18 pips as price was reacting to a zone to the left that could prove it to be a fakeout.
This was correct and the fakeout buys became available after my trading hours .. beautiful break and close above the level. Clean.
My buy and sells levels are still the same for this session .. new 4hr candle opens at 13.00 gmt lets see where that will drop us .. im looking for buys above the previous flip.
A zone above the level is marked out as a problem area so watch out .. its 50 pips away from the level but could provide a strong reversal.
All levels and targets are marked on the charts as usual . please like and follow along for constant xauusd updates
tommy
XAUUSD Asian / pre London outlook good evening gold gang! .. hope you're well
Another winning analysis day on the charts .. my entry got stopped out unfortunately due to a long liquidity wick. The candle flew up after but i was the liquidity in this case .. you cant win them all!! i just move on.
Ok, so price is in a zone where its looking like its ready to break the 4hr highs and go for the previous day highs .. as ive marked on the charts as a problem area .. the range is big enough to trade just be aware it may reverse at that point .. so take profits.
Sells are valid below the next zone .. the buys look more favourable. No trades zone is marked out so dont fall into the trap in there! gold gang is better than that
catch you in london session .. have a good one guys
tommyXAU
XAUUSD Asia Pre London buys?Good evening gold gang! hope you are well
Monster sells in london this morning woowwww .. called them last night and to see them play out was poetry
Nothing in NY for me, the big move was over. I wasnt interested in catching buys at all .. always follow the current short term trend with gold. Thats a tip for ya.
Ok the daily has made a massive wick from the bottom level indicating its had enough of the downside for now .. this could see price moving up in asia pre london .. so ive marked my levels for buys
watch out for that strong rejection area ive marked on the upside .. price could jump back from it and take you out .. use tight risk management.
Sells are also on but below the previous 4hrs .. target is posted there too (next banking level)
Happy trading guys .. catch you tomorrow for ldn .. like and follow for daily gold trading ideas
tommyXAU
XAUUSD Bearish below the 4H MA50, 1st time in 2 weeksGold (XAUUSD) broke today below the 4H MA50 (blue trend-line) for the first time since March 10. After the Triple Top formation last Friday, this is the 2nd medium-term bearish signal. With the 4H RSI on a Channel Down similar to the top formation of February 02, we are bearish targeting 1890 within Support Zone B. If the price closes above the 4H MA50 again and later breaks above the 1H MA50 (yellow trend-line), we will target short-term 2000 (last rejection) and resume with more sells the 1890 target. Notice how this is the huge Support Cluster where the 1D MA50 (red trend-line) and the 4H MA200 (orange trend-line) are.
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XAUUSD Amazing sells!! NY outlook Good afternoon gold gang! .. what a great start to the week
Ok we saw the forecasted sells activate in london after a fairly quiet asian session and booooom down they went. Entry model followed on the 30m chart and bye bye! .. 100 plus pips.
If you didnt see my entry model post .. scroll back to yesterdays post to see how i enter.
Outlook for NY .. we had a beautiful fakeout trapping buyers (why you would buy a huge move like that i do not know) at the level for it to sink again perfectly to the next banking level. Boop.
New 4hr candle opened so lets see if we pull back up .. im waiting for a range to form before i can take anymore trades .. at the min its very bearish so we need some buyers in before direction is confirmed
like and follow along guys .. catch you later for asian outlook
tommy
✴️ GOLD Daily timeframe. Mar.27 - Mar.31Gold stops after a strong rally. The formation of a false-break, the transition into consolidation and the closing of the candle under the strong level give quite differently directed preconditions
TA on the high timeframe
1) A reversal candlestick is likely to form on the weekly chart.
2) There is a probability for a correction to the level of 1960.
3) But at the same time the trend is still bullish, hence, this maneuver of decrease will be a technical rollback.
4) The indicators are in the oversold area and the signal for trend reversal
5) High timeframe hints at a reversal or a technical pullback. Potential target is support 1959 (0.236 Fibo), if the level is broken, the price can go down to 1931 (0.382 Fibo)
TA on the low timeframe
1) We can clearly see a sideways range (flat)
2) The price is testing the resistance and closing below 1981 on Friday. I consider this maneuver as a precondition for the weakening of the price
3) Quite controversial fundamental data last week, which may indicate a complication in the gold market.
4) On the second test of the level of 2000, the price failed to renew the local maximum of 2009, reaching only the level of 2003, which testifies about the resistance.
5) On the basis of the data there is a possibility of an attempt to hold the level of 1981 by bulls, but judging by the activity and aggregate data, the medium-term prospect is in the interests of the bears.
6) I expect some consolidation around 1981 at the beginning of the week, but the further movement can be directed down to the level of 1960 and even to 1937 (range support).
XAUUSD BULLISH CONTINUATION 26.03.23Reason for Bullish
Technical
1. Retest Support of 1960 and Make Futher Bullish Movement
2. Expecting Breakup in Ascending Triagle Pattern which Push Higher to 2074
Fundamendal
Dxy Clear Downtrend Continuation
Retesting 103 and Make Lower Which Moves towards Our pattern
Overall Possibel Outcomes
XAUUSD BUY @ 1960
SL 1930
TP 1 2000
TP 2 2074
XAUUSD 2000 level still strong and perfect sells What is up gold gang!! hope you are all well on this friday evening here in london.
The 2003 level i have remained very strong and price reacted bearish from it .. causing a nice drop in to our sells zone. I personally did not take them as it was outside of my trading hours unfortunately. Text book break of zone and enter on flip .. tommy special.
That concludes another week on my beloved gold. Caught some pips and had some laughs. Now its time to relax with a well earned beer!
Ill be back on this weekend with an educational post. Until then .. cheers.
Oh and thanks for all the likes and follows this week im nearly at 500 gold gang members on here!
tommyXAU
XAUUSD | New perspective | follow-up detailsFollowing a profitable week for Gold (see link below for reference purposes); the rally in gold shows that it has become the spotlight as the banking crisis drove more investors towards it for safe havens. Gold hit 11-month highs, breaking from the mid-$1,900 zone and strongly heading for the $2,000. As the fears that the U.S. economy could end up in a deep recession lingers, there is a high chance of a range-bound market activity until we get some data from the Federal Reserve after which massive traction will be witnessed in the coming week(s). This video illustrates the technical perspective of the current market structure and how to position for the next potential move.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD My NY Trade ideaGood afternoon gold gang!! hope you are well
price action has been a strange one this morning and last night in asian. Maybe gathering orders ready for the move above the 2000s?
I am patiently waiting for the 2000s to break and strong close, to take buys. Sells are valid too but will need to be further down to confirm bearish trend.
Good luck traders, you know were to find me if you have any questions. Please like and follow along for XAUUSD updates
tommy
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 London outlook / asian targetGood Morning gold gang!!
another excellent call on asian session resulting in 100 pip buys up to target. Boop!
For the london outlook, ill be looking at candle closures above the top level as price has failed to close all week above there. Nice clean candles to the next level too.
Sells ill be looking at the 4hr candle flip to get in below the level to ride it down to the next. Both moves should provide 100 pips at least
shoot me a DM if you have any questions .. happy trading
tommyXAU
XAUUSD WOW! amazing buys and asian session outlook Good evening gold gang!! hope you have had a good day
A rangey day awaiting the FOMC so no trades taken until the news had been announced. Price broke out of the death zone range and made its way up. A candle close and retest allowed me to get in and snag a very quick 30 pips for then price to shoot up even more. Amazing!
Ok for asian, the markets may still be volatile so be very careful. Lets see where the new 4hr candle opens, above or below the level. If price were to shoot up .. then we have clear buys in place .. obviously waiting for candle closures.
If we get a pull back to full the hourly wick .. then leave the sells alone, its likely it will reject again. Safer sells are marked on the chart.
Have a good session guys ill be be back for london in the morning.
Please like and follow along for more xauusd analysis
tommyXAU
XAUUSD Beware the death zone!!Good afternoon gold gang!
Rangey day as predicted awaiting the news. This is where traders get caught out!!
Do not trade the death range!! I call it death range as its designed to destroy newbie traders expecting it to break. DO NOT DO THIS
wait for the news and some clear direction.
Ill be back on later on for the news announcement .. until then .. PATIENCE!! its so simple but so hard to do.
Leave a like and follow for more XAUUSD goodness
tommy
XAUUSD Asian session outlook Good evening gold gang!! hope you are well.
After another day of smashing the targets .. heres what i can see for the asian session.
Price is heavily bearish on all timeframes other than monthly .. so i can say that sells are preferred. This doesnt rule out buys .. we just have to be careful not to take them too close .. we need confirmation of bullish intention first.
Price right now is at a strong daily level .. breaking this would mean a move down to the next level and even possibly to the 1915 area.
Big news tomorrow with fomc .. so its possible to see price consolidating during the day tomorrow waiting for the news in the evening (gmt)
Ill be here to update you on my findings as i find them .. as always
Have a good session asian gang!
tommyXAU